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Tue 20 Dec 2005, 11:00 Alex White Holdings Limited - Cautionary announcem
Alex White Holdings Limited - Cautionary announcement                           
Alex White Holdings Limited                                                     
Incorporated in the Republic of South Africa                                    
(Registration number 1949/035016/06)                                            
Share code: ALX     ISIN: ZAE000000386                                          
("Alex White")                                                                  
CAUTIONARY ANNOUNCEMENT                                                         
Merchant Sponsors is authorised to announce that Alex White and Astrapak Limited
("Astrapak") have entered into negotiations in terms of which Astrapak may make 
an offer to acquire 100% of the issued share capital of Alex White pursuant to a
scheme of arrangement in terms of Section 311 of the Companies Act, 1973 (Act 61
of 1973), as amended. These negotiations may have a material effect on the price
of Alex White"s securities. Accordingly, shareholders are advised to exercise   
caution when trading in Alex White securities until a further announcement is   
made.                                                                           
Johannesburg                                                                    
21 December 2005                                                                
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited                                         
Date: 20/12/2005 11:00:02 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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