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Glenrand M I B Limited - Further Cautionary Announcement                        
GLENRAND M I B LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008001/06)                                            
Share code: GMB  ISIN: ZAE000018529                                             
(`Glenrand M I B` or `the Company`)                                             
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 14 June 2005, shareholders are     
advised that Glenrand M I B is still engaged in negotiations which if           
successfully concluded may have an effect on the price of the Company`s shares. 
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in the Company`s shares until a further announcement is made.           
Randburg                                                                        
26 July 2005                                                                    
Investment Bank and Sponsor                                                     
Nedbank Capital                                                                 
Date: 26/07/2005 07:05:41 AM              
Produced by the JSE SENS Department

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