JSE - JSE Limited - Further Cautionary Announcement

November 25, 2008 at 12:00 AM EST


Further to the cautionary announcement dated 17 November 2008, shareholders are advised that the Boards of the Bond Exchange of South Africa Limited (BESA) and the JSE are in discussions regarding both the offer consideration for each BESA share and the structure of the JSE`s offer.                                    

As soon as the discussions have been finalised, the JSE and BESA will make appropriate announcements. In the interim following a request from BESA and the JSE, the Securities Regulation Panel has agreed that the JSE is not required to post an offer document to BESA shareholders on 26 November 2008.  Shareholders will therefore be advised of the revised posting date in due course.           

Accordingly, shareholders are advised to continue exercising caution when dealing in the JSE`s securities until a full announcement is made.             


25 November 2008                                                               


RAND MERCHANT BANK (A division of FirstRand Bank Limited)                      


Webber Wentzel