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CDZ
 CDZ                                                                             
Cadiz Holdings Limited - Cautionary Announcement                                
Cadiz Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1997/007258/06                                              
ISIN: ZAE000017661                                                              
JSE Share code:  CDZ                                                            
("Cadiz" or "the company")                                                      
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the company has entered into negotiations, which  
if successfully concluded 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 full announcement is made.     
Cape Town                                                                       
23 August 2006                                                                  
Sponsor: Investec Bank Limited                                                  
Date: 23/08/2006 12:25:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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