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AFGRI - Cautionary Announcement                                                 
AFGRI Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number: 1995/004030/06                                             
Share Code: AFR                                                                 
(ISIN: ZAE000040549)                                                            
("AFGRI" or "the company")                                                      
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that AFGRI has entered into negotiations to dispose of 
its cotton ginning operations. If successfully concluded, these negotiations may
have an effect on the price of the company"s securities. Accordingly,           
shareholders are advised to exercise caution when dealing in the company"s      
shares until a full announcement has been made.                                 
Johannesburg                                                                    
14 December 2005                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 14/12/2005 01:15:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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