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Tue 10 May 2005, 17:31 Renewal Of Cautionary Announcement
African Life Assurance Company Limited - Renewal Of Cautionary Announcement     
African Life Assurance Company Limited                                          
(Incorporated in the Republic of South Africa)                                  
Registration number: 1911/003818/06                                             
JSE Share Code: AFI                                                             
ISIN Code: ZAE000000246                                                         
(`the Company`)                                                                 
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcements dated 14 February and 29 March 2005,    
shareholders are advised that negotiations are still in progress which, if      
successfully concluded may have a material effect on the price of the Company`s 
securities.                                                                     
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the Company`s securities until a full announcement is made.          
Houghton                                                                        
10 May 2005                                                                     
Corporate Advisor                                Sponsor                        
Metier Investment & Advisory Services (Pty) Ltd  Merrill Lynch SA (Pty) Ltd
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