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Mon 15 Nov 2004, 15:07 CAUTIONARY ANNOUNCEMENT
WB HOLDINGS LIMITED -  CAUTIONARY ANNOUNCEMENT                                  
WB HOLDINGS LIMITED                                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1988/000570/06)                                            
JSE code: WBH  ISIN:  ZAE 000007902                                             
(`WB Holdings` or `the company`)                                                
CAUTIONARY ANNOUNCEMENTS                                                        
Introduction                                                                    
With reference to the cautionary announcement dated 21 October 2004,            
shareholders are advised that the company continues its efforts to dispose of   
its Sonop fruit farm and shareholders are advised to continue to exercise       
caution when dealing in their shares in this regard.                            
In addition the company has entered into negotiations which, if successfully    
concluded, 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 securities until a full announcement is made.                         
Paarl                                                                           
15 November 2004                                                                
Corporate Advisor and Sponsor                                                   
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
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