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Mon 13 Sep 2004, 16:50 Further Cautionary Announcement
Bearing Man Limited - Further Cautionary Announcement                           
  Bearing Man Limited                                                             
  (Incorporated in the Republic of South Africa)                                  
  Registration number 1955/002109/06                                              
  Share Code: BRM  ISIN: ZAE000001137                                             
  (`the company`)                                                                 
  Further Cautionary Announcement                                                 
  Further to the cautionary announcement dated 2 August 2004, shareholders are    
  advised that negotiations are still in progress regarding a possible empowerment
  transaction, which if successfully concluded, may have a material effect on the 
  price of the company`s securities.  Accordingly, shareholders are advised to    
  continue exercising caution when dealing in the company`s securities until a    
  full announcement is made.                                                      
  13 September 2004                                                               
  Attorneys to Bearing Man                                                        
  Bernadt Vukic Potash & Getz Attorneys                                           
  Corporate Advisor                                                               
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  Registration no. 1970/003711/07                                                 
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 13/09/2004 04:41:02 PM Produced by the JSE SENS Department
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