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CONCOR LIMITED - CAUTIONARY ANNOUNCEMENT                                        
Concor Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1969/003076/06)                                            
Share code: CNC    ISIN: ZAE000001616                                           
(`Concor` or `the company`)                                                     
Cautionary announcement                                                         
Shareholders of Concor are advised that discussions are taking place, which, if 
successfully concluded, may have an effect on the price at which the company`s  
securities trade on the JSE Securities Exchange South Africa. Accordingly,      
shareholders of the company are advised to exercise caution when dealing in the 
company`s securities until a further announcement is made.                      
Johannesburg                                                                    
3 February 2005                                                                 
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 03/02/2005 05:00:03 PM                 
Produced by the JSE SENS Department                                             

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