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STRATCORP - CAUTIONARY ANNOUNCEMENT                                             
STRATCORP LIMITED                                                               
(Registration number 2000/031842/06)                                            
JSE Code: STA & ISIN: ZAE000034294                                              
(`StratCorp` or `the Company`)                                                  
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that StratCorp has entered into negotiations which, if 
successfully concluded, may have a material effect on the price of the Company`s
securities.  Accordingly, shareholders are advised to exercise caution when     
dealing in the Company`s securities until a full announcement is made.          
Pretoria                                                                        
18 October 2004                                                                 
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
Date: 18/10/2004 04:19:42 PM                   
Produced by the JSE SENS Department

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