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Ambit Properties Limited - Cautionary Announcement                              
AMBIT PROPERTIES LIMITED                                                        
(Registration number: 2001/007003/06)                                           
Share code: ABT                                                                 
ISN code: ZAE000051645                                                          
(`Ambit` or `the Company`)                                                      
CAUTIONARY ANNOUNCEMENT                                                         
Unitholders are advised that Ambit has entered into negotiations, which if      
successfully concluded, may have a material effect on the price of the Company`s
securities.  Accordingly, unitholders are advised to exercise caution when      
dealing in the Company`s securities until a full announcement is made.          
Johannesburg                                                                    
3 March 2005                                                                    
Sponsor                                                                         
Exchange Sponsors

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