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Pasdec Resources SA Limited - Withdrawal Of Cautionary Announcement             
  Pasdec Resources SA Limited                                                     
  (Incorporated in the Republic of South Africa)                                  
  Registration number 1987/004942/06                                              
  Share code: PSC    ISIN: ZAE000023552                                           
  (`Pasdec`)                                                                      
  WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
  Further to the cautionary announcement dated 7 June 2004, shareholders are      
  advised that negotiations have been terminated.                                 
  Shareholders are accordingly advised that caution is no longer necessary when   
  dealing in their Pasdec shares.                                                 
  Bryanston                                                                       
  12 July 2004                                                                    
  Sponsor                                                                         
  KPMG Inc.                                                                       
  Date: 13/07/2004 08:26:02 AM Produced by the JSE SENS Department                
                                                                                  

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