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IMR Investments Limited - Cautionary Announcement                               
IMR Investments Limited                                                         
trading as Conduit Capital                                                      
Incorporated in the Republic of South Africa                                    
(Registration number 1998/017351/06)                                            
Share code: IMR & ISIN: ZAE000044004                                            
("the company")                                                                 
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the company is involved in negotiations which, if 
successfully concluded, may have a material effect on the price at which the    
company"s shares trade. Accordingly, shareholders are advised to exercise       
caution when trading in shares of the company on JSE Limited until a further    
announcement is made.                                                           
Johannesburg                                                                    
17 October 2005                                                                 
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited                                         
Date: 17/10/2005 01:13:03 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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