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Thu 3 Feb 2005, 14:49 SA Eagle - Cautionary Announcement
SA Eagle - Cautionary Announcement                                              
SOUTH AFRICAN EAGLE INSURANCE COMPANY LIMITED                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1965/006764/06)                                            
Share code: SAE ISIN: ZAE000006243                                              
(`SA Eagle` or `the Company`)                                                   
CAUTIONARY ANNOUNCEMENT                                                         
SA Eagle`s shareholders are advised that Zurich Financial Services Group, the   
majority shareholder of SA Eagle, has entered into negotiations on a Black      
Economic Empowerment transaction, 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                                                           
Bryanston                                                                       
3 February 2005                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 03/02/2005 02:41:01 PM             
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