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CREDITVISION HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                         
  CREDITVISION HOLDINGS LIMITED                                                   
  (Formerly Nova Education and Technology Holdings Limited)                       
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1998/006957/06)                                            
  Share code: CDT   ISIN: ZAE000033270                                            
  (`the company`)                                                                 
  CAUTIONARY ANNOUNCEMENT                                                         
  Shareholders are advised that the company has entered into negotiations which,  
  if successfully concluded, may have a material effect on the price of the       
  company`s securities.                                                           
  Accordingly, shareholders are advised to exercise caution when dealing in the   
  company`s securities until a further announcement is made.                      
  Pretoria                                                                        
  10 August 2004                                                                  
  Sponsor                                                                         
     RIVER GROUP                                                                  
  Date: 10/08/2004 05:13:52 PM Produced by the JSE SENS Department

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