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Wed 24 May 2006, 13:58 NAIL - Renewal Of Cautionary Announcement
NAI   NAN
 NAI                                                                             
NAIL - Renewal Of Cautionary Announcement                                       
New Africa Investments Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002467/06)                                            
Share code: NAI and NAN                                                         
ISIN: ZAE000033338 and ZAE000033346                                             
("NAIL")                                                                        
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
NAIL shareholders are referred to the announcement made by NAIL dated 17        
December 2004 and the cautionary announcements made thereafter wherein NAIL     
shareholders were advised that it had received a firm intention to make an offer
from Primedia Limited, subject to the fulfilment of certain conditions          
precedent, to acquire all of the issued shares in NAIL. NAIL shareholders are   
advised that they should continue to exercise caution in dealing in their NAIL  
shares until a further announcement is made.                                    
Bryanston                                                                       
24 May 2006                                                                     
Investment bank          Sponsor                Corporate law advisers and      
Investec Corporate       Investec Bank          consultants                     
Finance                  Limited                Edward Nathan Limited           
Date: 24/05/2006 01:58:03 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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