Sale of Shares in Envesta

Cater Barnard PLC
28 May 2003






FOR IMMEDIATE RELEASE                                  27 May 2003



              CATER BARNARD PLC ('CATER BARNARD' OR THE 'COMPANY')

                   Sale of shares in Envesta plc ('Envesta')



Further to an announcement made on 2 May 2003, wherein Cater Barnard and Global
Investments announced the intended disposal of its entire shareholding in
Envesta, to Argo Trust/DreamfarmSA this transaction has not completed.

After due and careful enquiry, it has become apparent that Argo Trust/Dream farm
SA are not in a position to meet the financial obligations entered into in the
timeframe agreed and therefore the agreement has been terminated by Cater
Barnard and Global Investments.

The Company further announces that it has no current intention to sell its stake
in Envesta.

The Company has in recent weeks sold other more peripheral investments that will
enable its Banking facilities to be substantially reduced.






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