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Tisec Limited - Further Cautionary Announcement                                 
  Tisec Limited                                                                   
  (Registration No: 1997/010036/06)                                               
  (Incorporated in the Republic of South Africa)                                  
  (`Tisec` or `the company`)                                                      
  JSE Code: TSC                      ISIN CODE: ZAE000018131                      
  FURTHER CAUTIONARY ANNOUNCEMENT                                                 
  Shareholders referred to the cautionary announcement published on 15 June 2004  
  and are advised that the negotiations referred to therein are ongoing.          
  Accordingly, shareholders are advised to continue to exercise caution when      
  dealing in the company`s securities until a full announcement is made.          
  Johannesburg                                                                    
  6 August 2004                                                                   
  Sponsor                                                                         
  Imara Corporate Finance South Africa (Pty) Ltd                                  
  Date: 06/08/2004 03:40:36 PM Produced by the JSE SENS Department

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