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Mon 2 Aug 2004, 10:58 Termination of listing
ZARARA ENERGY LIMITED - Termination of listing                                  
ZARARA ENERGY LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1895/001078/06)                                            
Share code: ZRR      ISIN: ZAE000033080                                         
(`Zarara` or `the Company`)                                                     
Termination of listing                                                          
Shareholders are referred to the announcement of the reviewed preliminary       
results for the year ended 30 September 2003, which were released on 18 December
2004, in which it was noted that Zarara`s listing on the JSE Securities Exchange
SA (`JSE`) was to be suspended from 23 December 2003. Since this date, the      
Company has not acquired any viable assets and therefore due to the requirements
that apply to cash companies in terms of the JSE Listings Requirements, Zarara`s
listing on the JSE will be terminated with effect from commencement of trade on 
Monday 23 August 2004.                                                          
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
2 August 2004                                                                   
Date: 02/08/2004 10:51:11 AM
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