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Thu 29 Jul 2004, 10:43 COMMAND HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT
COMMAND HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                              
COMMAND HOLDINGS LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1999/014759/06)                                            
Share Code:  CMA                                                                
ISIN Code:    ZAE000023131                                                      
(`Command` or `the company`)                                                    
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that Command has entered into 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.                      
Cape Town                                                                       
29 July 2004                                                                    
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