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Kelgran Limited - Cautionary Announcement                                       
Kelgran Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1975/004595/06)                                            
(`the company`)                                                                 
Share Code: KLG ISIN: ZAE000003885                                              
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that there are new developments relating to the        
company, which may have a material affect on the price of the company`s shares. 
Accordingly, shareholders are advised to exercise caution when dealing in the   
company`s shares until a full announcement is made.                             
Johannesburg                                                                    
9 May 2005                                                                      
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 09/05/2005 05:00:02 PM           
Produced by the JSE SENS Department

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