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Fri 7 Jan 2005, 8:57 DELAY IN PUBLICATION OF FINANCIAL RESULTS
PROPER GROUP LIMITED - DELAY IN PUBLICATION OF FINANCIAL RESULTS                
PROPER GROUP LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1998/001940/06)                                           
Share code:  PRO                   ISIN Code: ZAE000027181                      
(`Proper` or `the company` or `the group`)                                      
DELAY IN PUBLICATION OF FINANCIAL RESULTS                                       
Further to the JSE announcement concerning the suspension of the company`s      
listing, shareholders are advised that the holdup in the publication of the     
annual financial statements is due to administrative delays at the Registrar of 
Companies` office related to the restructuring and refocusing of the group.     
Shareholders are assured that the situation is receiving urgent attention and is
expected to be resolved imminently.                                             
By order of the board                                                           
7 January 2005                                                                  
Sponsor                                                                         
River Group                                                                     
Corporate Advisor                  Restructuring Advisor                        
Radagast Capital (Pty) Ltd         Gandalf Trust                                
Date: 07/01/2005 08:51:32 AM                 
Produced by the JSE SENS Department
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