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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: ZAE000053492                                          
(`Creditvision` or `the company`)                                               
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that Creditvision is involved in negotiations, which if
successfully concluded, may have a material effect on the price at which        
Creditvision`s securities trade on the JSE Securities Exchange South Africa.    
Shareholders are accordingly advised to exercise caution when dealing in the    
company`s securities until a further announcement is made.                      
4 March 2005                                                                    
Sponsor                                                                         
Exchange Sponsors                                                               

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