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Fri 21 Apr 2006, 16:16 Alexander Forbes Limited - Cautionary Announcement
AFB
 AFB                                                                             
Alexander Forbes Limited - Cautionary Announcement                              
Alexander Forbes Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1958/001974/06)                                            
Sharecode: AFB                                                                  
ISIN code: ZAE000018230                                                         
("the Company")                                                                 
Cautionary Announcement                                                         
Shareholders are advised that there have been new developments relating to the  
company which may have a material effect on the price of the company"s          
securities. Accordingly, shareholders are advised to exercise caution when      
dealing in the Company"s securities until a further announcement is made.       
Shareholders are further advised that these new developments are unrelated to   
the Further Cautionary Announcement concerning the bulking of bank accounts     
issued on 31 March 2006. As the financial impact of the subject matter of this  
Further Cautionary Announcement may be significant, shareholders are advised to 
continue to exercise caution when trading in the Company"s shares.              
By order of the Board                                                           
Sandton                                                                         
21 April 2006                                                                   
Sponsor                                                                         
J.P.Morgan Securities Limited                                                   
Date: 21/04/2006 04:16:05 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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