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Tue 11 Jan 2005, 9:20 FURTHER CAUTIONARY ANNOUNCEMENT
CORONATION FUND MANAGERS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT              
Coronation Fund Managers Limited                                                
Incorporated in the Republic of South Africa)                                   
(Registration number: 1973/009318/06)                                           
Share code: CML ISIN: ZAE000047353                                              
(`the Company`)                                                                 
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements dated 27 July 2004, 6 September 2004, 18
October 2004, 16 November 2004 and the detailed cautionary dated 30 November    
2004, shareholders are advised that negotiations are still in progress which, if
successfully concluded, may have a material effect on the price of the Company`s
securities.                                                                     
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the Company`s securities until a further announcement is made.       
Cape Town                                                                       
11 January 2005                                                                 
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited
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