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AFG
 AFG                                                                             
AFG - Afgem - Further Cautionary Announcement                                   
Afgem Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/007292/06)                                            
JSE code: AFG    ISIN: ZAE000067757                                             
("Afgem" or "the Company")                                                      
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements issued by Afgem on 16 November 2006 and 
12 December 2006, shareholders are advised to continue exercising caution when  
dealing in the securities of the Company.                                       
A further announcement will be made in due course.                              
Melrose Arch                                                                    
24 January 2007                                                                 
Sponsor: ABSA Capital                                                           
Date: 24/01/2007 16:06:01 Produced by the JSE SENS Department.

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