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Tue 8 Feb 2005, 17:31 Fair and Reasonable Statement on Transactio
Primeserv Group Limited - Fair and Reasonable Statement on Transaction          
PRIMESERV GROUP LIMITED(Incorporated in the Republic of South Africa)           
(Registration number 1997/013448/06) (`Primeserv` or `the company` or `the      
Group`)                                                                         
Share code: PMVISIN: ZAE000039277                                               
FAIR AND REASONABLE STATEMENT ON TRANSACTION                                    
Shareholders are advised, that further to the announcement on 7 December 2004   
regarding the introduction of Black Economic Empowerment (`BEE`) shareholders   
into Group operating subsidiaries providing these companies with empowered      
status (`the Empowered Transaction`), Primeserv obtained a positive fair and    
reasonable statement from Fisher Hoffman PKF (Jhb) Inc on the Empowered         
Transaction as required by paragraph 10.7(b) of the JSE Listings Requirements.  
This fair and reasonable statement is open for inspection during office hours at
the registered offices of Primeserv for the next 28 days.                       
Bryanston8 February 2005                                                        
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/000034/07)                                            
Independent Advisor                                                             
Fisher Hoffman PKF                                                              
Corporate Advisor                                                               
TWS Consulting                                                                  
Date: 08/02/2005 05:10:08 PM           
Produced by the JSE SENS Department
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