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AFGRI LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                                 
AFGRI LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number: 1995/004030/06                                             
Share Code: AFR                                                                 
(ISIN : ZAE000040549)                                                           
(`the company`)                                                                 
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the cautionary announcement published on 27 July   
2004 and are advised that the discussions with a black economic empowerment     
consortium are ongoing and have not yet been finalised so as to provide further 
information to the shareholders at this time.                                   
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the company`s shares until a full announcement is made.              
Johannesburg                                                                    
7 September 2004                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 07/09/2004 10:08:10 AM                 
Produced by the JSE SENS Department

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