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Thu 29 Sep 2005, 14:48 Cape Empowerment Trust Limited - Company announcem
Cape Empowerment Trust Limited - Company announcement                           
Cape Empowerment Trust Limited                                                  
(Incorporated in the Republic of South Africa)                                  
Registration number 1998/014606/06                                              
JSE share code: CAE      ISIN: ZAE000016952                                     
("CET")                                                                         
COMPANY ANNOUNCEMENT                                                            
1.   Shareholders of CET are referred to the announcement published by Sanlam   
     Limited "Sanlam") on SENS on 28 September 2005.                            
2.   CET notes the position adopted by Sanlam in its announcement.              
3.   Sanlam Life Insurance Limited, a subsidiary of Sanlam, is the single       
largest ordinary shareholder of Sancino Projects Limited, holding          
     approximately 10% of its ordinary shares in issue, and is also a           
     significant and longstanding shareholder of CET.                           
4.   In the circumstances CET intends to engage Sanlam with a view to resolving 
the matter.                                                                
5.   Shareholders of CET will be advised of any further developments.           
Cape Town                                                                       
29 September 2005                                                               
Sponsor                                                                         
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
Date: 29/09/2005 02:48:54 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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