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Kelgran Limited - Further Cautionary Announcement                               
Kelgran Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1975/004595/06)                                            
Share Code: KLG ISIN: ZAE000003885                                              
("the company")                                                                 
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 26 October 2005, shareholders are  
advised that the company is still involved in discussions which may have a      
material effect on the price of the company"s shares.  Accordingly, shareholders
are advised to continue exercising caution when dealing in the company"s shares 
until a full announcement is made.                                              
Johannesburg                                                                    
7 December 2005                                                                 
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 07/12/2005 04:32:44 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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