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Mon 14 Jun 2004, 10:53 Further Cautionary Announcement
Sail Group Limited - Further Cautionary Announcement 

Release Date: 14/06/2004 10:46:01      Code(s): SIR        
SAIL GROUP LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                            
SAIL Group Limited                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1941/014601/06)                                            
JSE Share code: SIR                                                             
ISIN code: ZAE000039962                                                         
(`SAIL` or `the Company`)                                                       
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 3 May 2004, SAIL shareholders are  
advised that the Company is still involved in discussions which may have a      
material impact on the price at which SAIL shares trade on the JSE Securities   
Exchange South Africa.                                                          
Shareholders are accordingly advised to continue exercising caution when dealing
in their SAIL shares until a further announcement is made.                      
Midrand                                                                         
14 June 2004                                                                    
Investment Bank and Sponsor                                                     
Nedbank Capital                                                                 
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