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Thu 23 Dec 2004, 17:20 CAUTIONARY ANNOUNCEMENT
L.A. GROUP LIMITED - CAUTIONARY ANNOUNCEMENT                                    
L.A. GROUP LIMITED                                                              
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1936/008786/06)                                            
SHARE CODE: LAR ISIN: ZAE000028676                                              
SHARE CODE: LAN ISIN: ZAE000028684                                              
(`L.A. GROUP` OR `THE COMPANY`)                                                 
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are informed that an offer has been made to L.A. Group (or its     
subsidiaries) in the first instance for it to repurchase 641 296 ordinary and 5 
618 615 N-ordinary shares in the issued share capital of the company at a price 
of R4,50 per share.  The offer is open for acceptance until 28 January 2005.    
The offer was made in the second instance to Mr AK Peer and/or his nominees     
and/or any independent third party.                                             
The board of directors of L.A. Group has decided to pursue the acceptance of    
this offer subject to the necessary financial arrangements being put in place.  
Accordingly, shareholders are advised to exercise caution when dealing in the   
company`s securities until a further announcement is made.                      
Cape Town                                                                       
23 December 2004                                                                
Corporate Advisor and Sponsor                                                   
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
Date: 23/12/2004 05:15:03 PM                     
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