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Fri 15 Oct 2004, 17:06 CAUTIONARY ANNOUNCEMENT
VAALTRUCAR / VAALAUTO - FURTHER CAUTIONARY ANNOUNCEMENT                         
VAALTRUCAR LIMITED            VAALAUTO LIMITED                                  
(Registration number          (Registration number                              
1987/000988/06)               1983/013044/06)                                   
(Incorporated in the          (Incorporated in the                              
Republic of South Africa      Republic of South Africa)                         
(Share code: VCR)             (Share code: VLT)                                 
(ISIN number:  ZAE000007704)  (ISIN number:  ZAE000007746)                      
(`Vaaltrucar`)                 (`Vaalauto`)                                     
(collectively `the companies`)                                                  
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders of the companies are referred to the further joint cautionary      
announcement published on SENS on 16 August 2004 where it was advised that the  
major shareholders of Vaaltrucar were considering proposals which will have the 
effect of acquiring all the shares of minority shareholders and delisting the   
companies.                                                                      
Shareholders are advised that such proposals are still being finalised, and     
accordingly shareholders are advised to continue to exercise caution when       
dealing in their Vaalauto and Vaaltrucar shares until a further announcement is 
made.                                                                           
Middelburg                                                                      
15 October 2004                                                                 
Sponsor to the companies                  Legal adviser                         
SASFIN CORPORATE FINANCE                  LEVINS ATTORNEYS NOTARIES AND         
A DIVISION OF SASFIN BANK LIMITED         CONVEYANCERS
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