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ORE
 ORE                                                                             
ORE - Orion Real Estate - Renewal of Cautionary Announcement                    
Orion Real Estate Limited                                                       
(formerly Alpina Investment Holdings Limited)                                   
Incorporated in the Republic of South Africa)                                   
(Registration number: 1997/021085/06)                                           
Share Code: ORE                                                                 
ISIN:       ZAE000075651                                                        
("Orion Real Estate" or "the company")                                          
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement dated 24 January 2007, shareholders are  
advised that negotiations are still in process, which, if successfully          
concluded, may have a material effect on the price at which the company`s       
securities trade on the JSE Limited. Shareholders are advised to continue to    
exercise caution when dealing in the company`s securities until a full          
announcement is made.                                                           
Johannesburg                                                                    
08 March 2007                                                                   
Sponsor                                                                         
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 09/03/2007 10:14:54 Produced by the JSE SENS Department.

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