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Vogelstruisbult. (VOGS)

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Tuesday 27 July, 1999

Vogelstruisbult.

Fthr.Jnt.CautionaryAnnouncemt

VOGELSTRUISBULT METAL HOLDINGS LIMITED
27 July 1999


GOLD FIELDS OF SOUTH                            VOGELSTRUISBULT METAL
AFRICA LIMITED                                  HOLDINGS LIMITED
(Incorporated in the                            (Incorporated in the 
 Republic of South Africa)                       Republic of South Africa)
(Registration No.05/04181/06)                   (Registration No. 05/04346/06)
('GFSA')                                        ('Vogels')

                      (collectively 'the companies')

Further joint cautionary announcement

Further to the cautionary announcement dated 2 July 1999, shareholders of the
companies are advised that negotiations regarding the possible disposal by
GFSA of its holdings in Vogels are still in progress.  These negotiations, if
successful, could have an effect on the share price of GFSA and Vogels.

Accordingly, shareholders are advised to exercise caution when dealing in
shares of the companies until a further announcement is made.

Johannesburg
26 July 1999


                                                                                                                                                                                                                     

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