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Fri 20 Aug 2004, 17:28 CAUTIONARY ANNOUNCEMENT
UNITRANS LIMITED - CAUTIONARY ANNOUNCEMENT                                      
  UNITRANS LIMITED                                                                
  (Incorporated in the Republic of South Africa)                                  
  (Registration Number 1967/003403/06)                                            
  Share code:  UTR    ISIN:  ZAE000007670                                         
  (`Unitrans` or `the Company`)                                                   
  CAUTIONARY ANNOUNCEMENT                                                         
  Shareholders are referred to the cautionary announcement published today on SENS
  by Murray & Roberts Holdings Limited that it has received an offer for its 44%  
  shareholding in Unitrans.                                                       
  Shareholders are advised that should such an offer result in a sale, a mandatory
  offer to all Unitrans shareholders may have to be extended in terms of the      
  Securities Regulation Code and Rules of the Securities Regulation Panel.        
  Shareholders are accordingly advised to exercise caution in dealing in their    
  shares until a further announcement is made.                                    
  Johannesburg                                                                    
  20 August 2004                                                                  
  Sponsor                                                                         
  PSG CAPITAL LIMITED                                                             
  Date: 20/08/2004 05:25:03 PM Produced by the JSE SENS Department
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