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Mon 18 Oct 2004, 8:40 FURTHER CAUTIONARY ANNOUNCEMENT
AFGRI -   FURTHER CAUTIONARY ANNOUNCEMENT AND REVISED DATE FOR RESULTS          
          ANNOUNCEMENT                                                          
AFGRI LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number: 1995/004030/06                                             
Share Code: AFR                                                                 
(ISIN : ZAE000040549)                                                           
(`AFGRI` or `the company`)                                                      
FURTHER CAUTIONARY ANNOUNCEMENT AND REVISED DATE FOR RESULTS ANNOUNCEMENT       
Shareholders are referred to the cautionary announcements published in the press
on 27 July 2004 and 6 September 2004 and are advised that the discussions with  
the black economic empowerment consortium are ongoing.                          
The Board of AFGRI would like to make the announcement of the Company`s         
empowerment transaction at the same time as the announcement of its results for 
the 6 months ended 31 August 2004, which was expected to be at the end of       
October 2004. Accordingly, shareholders are advised that the company intends    
releasing its results simultaneously with the full details of the black economic
empowerment transaction towards the end of November 2004.                       
Shareholders are advised to continue exercising caution when dealing in AFGRI   
shares until a full announcement is made.                                       
Johannesburg                                                                    
18 October 2004                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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