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Mon 26 Jul 2004, 15:57 SAIL - Further Cautionary Announcement
SAIL - Further Cautionary Announcement                                          
SAIL GROUP LIMITED                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1941/014601/06)                                            
Share code: SIR     ISIN code: ZAE000039962                                     
(`SAIL` or `the Company`)                                                       
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements dated 3 May 2004 and 14 June 2004, SAIL 
shareholders are advised that the Company is still involved in discussions      
which, if successfully concluded 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                                                                         
26 July 2004                                                                    
Investment Bank and Sponsor                                                     
Nedbank Capital                                                                 
Date: 26/07/2004 03:36:43 PM                    
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