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Mon 31 Jan 2005, 16:43 RENEWAL OF CAUTIONARY ANNOUNCEMENT
NEW AFRICA INVESTMENTS LIMITED - RENEWAL OF CAUTIONARY ANNOUNCEMENT             
NEW AFRICA INVESTMENTS LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002467/06)                                            
Share code: NAI and NAN                                                         
ISIN: ZAE000033338 and ZAE0000033346                                            
(`NAIL`)                                                                        
Renewal of cautionary announcement                                              
NAIL shareholders are referred to the announcement made by NAIL dated 17        
December 2004, wherein NAIL shareholders were advised that it had received a    
firm intention to make an offer from Primedia limited, subject to certain       
conditions precedent, to acquire all of the issued shares in NAIL. NAIL         
shareholders are advised that they continue to exercise caution in dealing in   
their NAIL shares until a further announcement is made.                         
Bryanston                                                                       
31 January 2005                                                                 
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 31/01/2005 04:39:32 PM                    
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