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Mon 2 Oct 2006, 14:14 Alexander Forbes - Further Cautionary Announcement
AFB
 AFB                                                                             
Alexander Forbes - Further Cautionary Announcement                              
Alexander Forbes Limited                                                        
Registration number 1958/001974/06                                              
Share code:  AFB                                                                
ISIN:        ZAE000018230                                                       
("Alexander Forbes" or the "Company")                                           
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to various cautionary announcements, the last of which
was published on 18 September 2006, in which shareholders were advised that the 
Company was in discussions with private equity parties regarding a potential    
transaction to acquire the entire issued share capital of the Company.          
Further to the article published in the Business Day today, Monday 2 October,   
shareholders are advised that whilst discussions with a Consortium comprising   
private equity investors are continuing, no formal offer has been received.     
Accordingly, shareholders are advised to continue to exercise caution in dealing
in the Company"s securities until a further announcement is made.               
Sandton                                                                         
2 October 2006                                                                  
Sponsor to Alexander Forbes                                                     
JPMorgan Equities Limited                                                       
Date: 02/10/2006 02:14:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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