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Wed 7 Apr 2004, 11:21 Cautionary Announcement
Paracon Holdings Limited - Cautionary Announcement 

Release Date: 07/04/2004 11:08:02      Code(s): PCN        
PARACON HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                              
Paracon Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008181/06)                                            
Share code: PCN     ISIN: ZAE000029674                                          
("Paracon")                                                                     
CAUTIONARY ANNOUNCEMENT                                                         
Nedbank Capital is authorised to announce that Paracon has entered into a       
binding memorandum of understanding, for a proposed acquisition, which is       
subject to, inter alia, the successful completion of a due diligence, at which  
time a detailed terms announcement will be made. Accordingly, shareholders are  
advised to exercise caution in dealing in their Paracon shares on the JSE       
Securities Exchange South Africa until a further announcement has been made.    
Johannesburg                                                                    
7 April 2004                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
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