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Sasani Limited - Cautionary Announcement                                        
SASANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1955/000259/06)                                            
Share code: SSA   ISIN: ZAE000044384                                            
(`Sasani` or `the company`)                                                     
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the company has entered into negotiations which,  
if successfully concluded, may have a material effect on the price at which the 
company`s shares trade on the JSE Securities Exchange South Africa.             
Shareholders are accordingly advised to exercise caution in dealing in their    
Sasani shares until a further announcement in this regard is made.              
Johannesburg                                                                    
3 December 2004                                                                 
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Ltd                                                
(Registration number 1999/024792/07)

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