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Tue 28 Jun 2005, 8:20 )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, 29 March and 10 May  
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`ssecurities.                                                                     
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the Company`s securities until a full announcement is made.          
Houghton28 June 2005                                                                    
Corporate Advisor                                     Sponsor                   
Metier Investment & Advisory Services (Pty) Ltd       Merrill Lynch SA (Pty) LtdDate: 28/06/2005 08:00:02 AM Produced by the JSE SENS Department
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