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WINHOLD LIMITED / INMINS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT              
WINHOLD LIMITED                                                                 
Incorporated in the Republic of South Africa                                    
(Registration number 1945/019679/06)                                            
Share code: WNH/WNHP                                                            
ISIN: ZAE000033916/ZAE000008041                                                 
INMINS LIMITED                                                                  
Incorporated in the Republic of South Africa                                    
(Registration number 1969/004321/06)                                            
Share code: INM                                                                 
ISIN: ZAE000003588                                                              
(`the companies`)                                                               
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements dated 26 July 2004, 6 September 2004,   
18 October 2004 and 30 November 2004 shareholders are advised that discussions  
are continuing, which, if successfully concluded, may have a material effect    
on the prices at which the companies` shares trade on the JSE Securities        
Exchange South Africa.                                                          
Shareholders are accordingly advised to continue to exercise caution in         
dealing in the companies` shares until a further announcement in this regard    
is made.                                                                        
Germiston                                                                       
10 January 2005                                                                 
Sponsor                                                                         
   LPC Manhattan Sponsors (Pty) Ltd                                             
  (Registration number 1999/024792/07)

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