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Metorex - Cautionary Announcement                                               
METOREX LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1934/005478/06)                                            
Share code: MTX                                                                 
ISIN code:  ZAE000022745                                                        
Issuer code` MEMTX                                                              
(`Metorex` or `the company`)                                                    
CAUTIONARY ANNOUNCEMENT                                                         
Metorex shareholders are advised that there are new developments relating to the
company, the full impact of which are currently being determined, which could   
affect the price of Metorex shares.                                             
Accordingly, Metorex shareholders are advised to exercise caution when dealing  
in their shares on the JSE Securities Exchange South Africa until a further     
announcement is made.                                                           
Johannesburg                                                                    
29 September 2004                                                               
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance                                         
(Pty) Limited

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