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Wed 20 Oct 2004, 16:54 WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
MORIBO - WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                  
MORIBO LEISURE LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1919/001318/06)                                            
Share code: MRB     ISIN: ZAE000014023                                          
(`Moribo` or `the company`)                                                     
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Shareholders are referred to the cautionary announcement dated 8 September 2004 
published by the company and are advised that, in light of the intended offer by
DNR Capital (a division of DNR Corporate Advisors (Pty) Limited) (`the offeror`)
to all shareholders of Moribo to acquire all of their issued shares in Moribo   
for a cash consideration of 13 cents per share, caution is no longer required to
be exercised by shareholders when dealing in their shares in the company. The   
offeror has indicated that their offer circular will be posted to Moribo        
shareholders on or about Thursday, 21 October 2004.                             
Johannesburg                                                                    
20 October 2004                                                                 
Sponsor                                                                         
   ABSA Corporate and Merchant Bank                                             
Corporate Finance                                                            
  (Registration number 1986/004794/06)                                          
Date: 20/10/2004 04:00:10 PM           
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