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Mon 22 Nov 2004, 16:39 Renewal Of Cautionary Announcement
Transpaco Limited - Renewal Of Cautionary Announcement                          
Transpaco Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1951/000799/06                                              
ISIN: ZAE000007480                                                              
JSE Share code:  TPC                                                            
(`Transpaco` or `the company`)                                                  
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement dated 7 October 2004, shareholders are   
advised that the discussions entered into are still in progress, which, if      
successfully concluded, may have a material effect on the price at which the    
company`s securities trade on the JSE Securities Exchange South Africa.         
Accordingly, shareholders of the company are advised to continue to exercise    
caution when dealing in the company`s securities until a further announcement is
made.                                                                           
Johannesburg                                                                    
22 November 2004                                                                
Sponsor:                                                                        
Investec Bank Limited
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