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Mon 10 May 2004, 17:19 SABVEST LIMITED - NO CHANGE STATEMENT AND NOTICE O
SABVEST LIMITED - NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING      
SABVEST LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number  1987/003753/06)                                           
Ordinary shares:   Share code: SBV  ISIN: ZAE 000006417                         
N Ordinary shares: Share code: SVN  ISIN: ZAE 000012043                         
("Sabvest" or "the Company")                                                    
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING                        
Audited results                                                                 
Further to the Company"s audited results for the year ended 31 December 2003,   
shareholders are advised that the annual financial statements have been         
distributed to shareholders on 10 May 2004 and contain no modifications to the  
audited results which were published on SENS on 10 March 2004.                  
The audited results of the Company as referred to above and the annual financial
statements were audited by Deloitte & Touche. Their report is available for     
inspection at the Company"s registered office.                                  
Notice of the annual general meeting                                            
Notice is hereby given that the annual general meeting of Sabvest Limited       
shareholders will be held at Ground Floor, Commerce Square, Building Four, 39   
Rivonia Road, Sandhurst, Sandton on Thursday, 3 June 2004 at 12:00 to transact  
businesses as stated on the notice of annual general meeting forming part of the
annual financial statements.                                                    
Sandton                                                                         
10 May 2004                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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