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Wed 19 Jul 2006, 13:48 Alexander Forbes Limited - Further Cautionary Anno
AFB
 AFB                                                                             
Alexander Forbes Limited - Further Cautionary Announcement                      
Alexander Forbes Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1958/001974/06)                                            
Sharecode: AFB                                                                  
ISIN code: ZAE000018230                                                         
("the Company")                                                                 
Further Cautionary Announcement                                                 
Shareholders are referred to the cautionary announcement published on 7 June    
2006 ("the cautionary announcement") relating to discussions regarding a        
potential transaction with private equity parties to acquire the entire issued  
share capital of the Company. The cautionary announcement also referred to      
discussions with private investors which may result in the Company reducing its 
shareholding in its International Risk Services business.  These discussions are
continuing and shareholders are advised to continue to exercise caution when    
trading in the Company"s securities until a further announcement is made.       
By order of the Board                                                           
Sandton                                                                         
19 July 2006                                                                    
Sponsor                                                                         
JPMorgan                                                                        
Date: 19/07/2006 01:48:06 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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