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Mon 16 Oct 2006, 17:17 Alexander Forbes Limited - Cautionary announcement
Alexander Forbes Limited - Trading Statement                                    
Alexander Forbes Limited                                                        
Registration number 1958/001974/06                                              
Share code: AFB                                                                 
ISIN: ZAE000018230                                                              
("Alexander Forbes" or the "Company")                                                                   
Cautionary announcement                                                         
Shareholders are referred to the relevant cautionary announcements, the last of 
which was published on 2 October 2006, in terms of which shareholders were      
advised that the Company was continuing in discussions with a consortium of     
private equity investors ("the Consortium") regarding a potential transaction to
acquire the entire issued share capital of the Company but that the Consortium  
has not yet submitted a binding offer for the Company.                          
Shareholders are advised to continue to exercise caution in dealing in the      
company"s securities until a further announcement is made.                      
Johannesburg, South Africa                                                      
16 October 2006                                                                 
JP Morgan                                                                       
Sponsoring Brokers                                                              
Date: 16/10/2006 09:25:13 AM Produced by the JSE SENS Department
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