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PRIMESERV GROUP LIMITED - CAUTIONARY ANNOUNCEMENT                               
Primeserv Group Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/013448/06)                                            
(`Primeserv` or `the company`)                                                  
Share code: PMV      ISIN:  ZAE000039277                                        
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that Primeserv has entered into the final stages of BEE
negotiations, which if successfully concluded may have an effect on the price of
the company`s securities.                                                       
Accordingly, shareholders are advised to exercise caution when dealing in the   
company`s securities until a further announcement is made.                      
Sandton                                                                         
28 July 2004                                                                    
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Registration number 1996/000034/07)

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