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ASTRAPAK LIMITED - CAUTIONARY ANNOUNCEMENT                                      
ASTRAPAK LIMITED                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/009169/06)                                            
ISIN: ZAE000030938                                                              
Share Code: APK                                                                 
(`Astrapak` or `the company`)                                                   
CAUTIONARY ANNOUNCEMENT                                                         
Linked unitholders are advised that Astrapak has entered into negotiations      
which, if successfully concluded, may have a material effect on the price of the
company`s securities. Accordingly, linked unitholders are advised to exercise   
caution when dealing in the company`s securities until a full announcement is   
made.                                                                           
Sandton                                                                         
15 November 2004                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Legal adviser                                                                   
Paul Botha and Associates                                                       
RMB logo to                                                                     
Logo to be inserted here                                                        
be inserted here ?                                                              
Date: 15/11/2004 08:29:01 AM                   
Produced by the JSE SENS Department

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