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CUL
 CUL                                                                             
Cullinan Holdings Limited - Further Cautionary Announcement                     
Cullinan Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1902/001808/06)                                            
Share code CUL   ISIN ZAE000013710                                              
("the company")                                                                 
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 10 February 2006, shareholders are 
advised that negotiations are continuing, which, if successfully concluded, may 
have a material effect on the price at which the company"s shares trade on the  
JSE Limited.                                                                    
Shareholders are accordingly advised to continue to exercise caution in dealing 
in their shares until a further announcement in this regard is made.            
24 March 2006                                                                   
Johannesburg                                                                    
Sponsor                                                                         
LPC Manhattan Moela                                                             
LPC Manhattan Moela (Pty) Ltd                                                   
(Registration number 2001/009215/07)                                            
Date: 24/03/2006 04:35:15 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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