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Tue 3 Aug 2004, 8:37 JOINT CAUTIONARY
GLODINA HOLDINGS LIMITED/KOLOSUS HOLDINGS LIMITED - JOINT CAUTIONARY            
ANNOUNCEMENT                                                                    
GLODINA HOLDINGS LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/004150/06)                                            
Share code: GDA                                                                 
ISIN code: ZAE000040002                                                         
(`Glodina` )                                                                    
KOLOSUS HOLDINGS LIMITED                                                        
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1978/000181/06)                                            
JSE SHARE CODE:  KOS    nsx SHARE CODE:  KOL                                    
ISIN CODE:  ZAE000050258                                                        
(`KOLOSUS`)                                                                     
JOINT CAUTIONARY ANNOUNCEMENT                                                   
Shareholders of Kolosus and Glodina are advised that negotiations are taking    
place with Daun & Cie AG and KAP Beteiligungs AG (collectively `the Daun group`)
relating to a potential transaction with certain of the Daun group`s investments
which, if successfully concluded, may have an effect on the price of Glodina and
Kolosus` shares.                                                                
Shareholders in Kolosus and Glodina are therefore advised to exercise caution   
when dealing in their shares until a further announcement is made.              
Paarl                                                                           
3 August 2004                                                                   
Corporate Advisor and Transaction Sponsor                                       
PSG Capital
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