JSE - JSE Limited - Cautionary Announcement

November 17, 2008 at 12:00 AM EST

Shareholders are referred to the JSE`s announcement of 27 October 2008 in which the JSE announced a firm intention to make a conditional offer to acquire the entire issued ordinary share capital of the Bond Exchange of South Africa Limited.  Shareholders are advised that the JSE is in discussions which may result in an increase in the offer consideration. Accordingly, all shareholders are advised to exercise caution when dealing in their securities until a full announcement is made.                                                          

17 November 2008                                                                

Sponsor                                                                        

RAND MERCHANT BANK (A division of FirstRand Bank Limited)                      

Attorneys                                                                       

Webber Wentzel Bowens