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Tisec - 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 are referred to the cautionary announcements published on 17       
February 2005, 17 December 2004 and 6 August 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                                                                    
28 April 2005                                                                   
Sponsor                                                                         
Imara Corporate Finance South Africa (Pty) Ltd

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