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GMB
 GMB                                                                             
Glenrand - Cautionary Announcement                                              
Glenrand MIB Limited                                                            
(a Licensed Financial Services Provider)                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008001/06)                                            
Share code: GMB   ISIN: ZAE000078010                                            
("Glenrand" or "the Company")                                                   
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that Glenrand has entered into discussions which, if   
successfully concluded, may have a material effect on the price of the Company"s
shares.                                                                         
Accordingly, shareholders are advised to exercise caution when dealing in the   
Company"s shares until a further announcement is made.                          
Randburg                                                                        
24 April 2006                                                                   
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 24/04/2006 04:31:45 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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