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METAIR INVESTMENTS LIMITED - CAUTIONARY ANNOUNCEMENT                            
METAIR INVESTMENTS LIMITED(Incorporated in the Republic of South Africa)        
(Reg.No. 1948/031013/06)                                                        
Share code: MTA                                                                 
ISIN Code:  ZAE000004743                                                        
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the company has entered into negotiations, which  
if successfully concluded may have a material effect on the price of the        
company`s securities. Accordingly, shareholders are advised to exercise caution 
when dealing in the company`s securities until a full announcement is made.     
BY ORDER OF THE BOARD                                                           
Johannesburg                                                                    
13 January 2005                                                                 
SPONSORLPC Manhattan Sponsors (Pty) Limited                                     

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