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Ambit Properties Limited - Further cautionary announcement                      
Ambit Properties Limited                                                        
(Registration number: 2001/007003/06)                                           
Share code: ABT                                                                 
ISN code: ZAE000051645                                                          
(`Ambit` or `the Company`)                                                      
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 14 April 2005, unitholders 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, unitholders are advised to continue exercising caution when dealing
in the Company`s securities until a full announcement is made.                  
Johannesburg                                                                    
25 May 2005                                                                     
Sponsor                                                                         
Exchange Sponsors (Pty) Limited

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