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Thu 1 Apr 2004, 15:07 Cautionary Announcement
Vaaltrucar/Vaalauto - Cautionary Announcement                                   
  VAALTRUCAR LIMITED                 VAALAUTO LIMITED                             
  (Registration number               (Registration number                         
  1987/000988/06)                    1983/013044/06)                              
  (Incorporated in the               (Incorporated in the                         
  Republic of South Africa           Republic of South Africa)                    
  (Share code: VCR)                  (Share code: VLT)                            
  (ISIN number:  ZAE000007704)       (ISIN number:  ZAE000007746)                 
  ("Vaaltrucar")                     ("Vaalauto")                                 
  (collectively "the Companies")                                                  
  CAUTIONARY ANNOUNCEMENT                                                         
  Shareholders are advised that the Companies have become aware of a shareholder  
  transaction that may cause a change of control in both Vaalauto and Vaaltrucar. 
  As the conclusion of such transaction will result in a mandatory offer to       
  minorities, in terms of the Securities Regulation Panel Code on Takeovers and   
  Mergers, shareholders are advised to exercise caution when dealing in the       
  Companies" securities until a more detailed announcement is made.               
  Middelburg                                                                      
  1 April 2004                                                                    
  Sponsor to the Companies                                                        
  SASFIN CORPORATE FINANCE                                                        
  A DIVISION OF SASFIN BANK LIMITED                                               
  Date: 01/04/2004 02:32:54 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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