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Putco Limited - Further Cautionary Announcement                                 
PUTCO LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/018672/06)                                            
Share code: PTC   ISIN:  ZAE000005716                                           
(`the company`)                                                                 
Further Cautionary Announcement                                                 
Further to the cautionary announcements dated 21 October 2004, shareholders are 
advised that the directors remain involved in 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.                         
Johannesburg                                                                    
2 December 2004                                                                 
Sponsor                                                                         
Ernst & Young Sponsors Ltd                                                      
(Registration number 2000/031843/07)

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