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Wed 23 Aug 2006, 15:37 S A Retail Properties Limited - Further Cautionary
SRL
 SRL                                                                             
S A Retail Properties Limited - Further Cautionary Announcement                 
S A RETAIL PROPERTIES LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/025764/06)                                           
(JSE Code: SRL & ISIN Code: ZAE000034328)                                       
("SA Retail" or "the Company")                                                  
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Linked unitholders are referred to the cautionary announcement dated 11 July    
2006 regarding the agreements entered into with Sharemax Investments            
(Proprietary) Limited ("Sharemax"), acting as administrator for 14 property     
owning companies ("the Vendors"), in terms of which SA Retail will acquire the  
properties ("the Portfolio") owned by the respective Vendors ("the              
Acquisition").  The Acquisition is still subject to the finalisation of the     
terms of the transaction and the conditions detailed in the previous cautionary 
announcement.                                                                   
A detailed announcement will be made in due course providing, inter alia,       
details of the Portfolio and the financial effects of the Acquisition on SA     
Retail.                                                                         
Accordingly, linked unitholders are advised to continue exercising caution when 
dealing in the linked units of S A Retail until a full announcement is made.    
Durban                                                                          
23 August 2006                                                                  
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
(Registration number: 1999/024433/07)                                           
Date: 23/08/2006 03:37:03 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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