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Mon 19 Jul 2004, 12:45 WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
BELL EQUIPMENT LIMITED - WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT REGARDING A      
POSSIBLE CHANGE IN CONTROL                                                      
BELL EQUIPMENT LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1968/013656/06                                              
Share code: BEL     ISIN: ZAE000028304                                          
(`Bell` or `the Company`)                                                       
Withdrawal of cautionary Announcement regarding a possible change in control    
Shareholders are advised that the discussions regarding a possible change in    
control in terms of the Cautionary announcements dated 11 March, 23 April, 27   
May and 7 July 2004 have been terminated.                                       
However, in terms of the trading statement dated 7 July 2004, shareholders are  
advised to continue to exercise caution when dealing in the company shares until
the release of the interim results which is expected to be on or about 13 August
2004.                                                                           
19 July 2004                                                                    
Sponsor                                                                         
Investec Bank Limited
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