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Tue 18 Nov 2003, 17:15 Update on Cautionary Announcement
Kagiso Media / Johncom / Caxton -         
 Kagiso Media Limited       Johnnic Communications  Caxton and CTP Publishers an
                            Limited                 Printers Limited            
Incorporated in the        Incorporated in the     Incorporated in the Republic
 Republic of South Africa   Republic of South       of South Africa             
                            Africa                                              
 (Registration number       (Registration number    (Registration number        
1957/000036/06)            1889/000352/06)         1947/025989/06)             
 Share code:  KGM           Share code JCM          Share code CAT              
 ISIN:  ZAE000014007        ISIN Number             ISIN Number ZAE000017182    
                            ZAE000024584                                        
("Kagiso Media ")          ("Johncom")             ("Caxton")                  
UPDATE ON CAUTIONARY ANNOUNCEMENTS                                              
1.   FURTHER JOINT CAUTIONARY ANNOUNCEMENT                                      
Further to the announcement dated 22 September 2003 (the "initial               
announcement"), Nedbank Corporate is authorised to inform shareholders of Kagiso
Media and Johncom that they are still engaged in processes to secure certain of 
the media assets of New Africa Investments Limited ("NAIL"). The outcome of     
these processes may have a material effect on the share prices of Kagiso Media  
and Johncom. Shareholders in Kagiso Media and Johncom should continue to        
exercise caution in their dealings in Kagiso Media and Johncom shares           
respectively until a further announcement is made.                              
2.   WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                      
The share offer to NAIL shareholders referred to in the initial announcement for
a cash consideration of R3,45 per NAIL share will not proceed. Accordingly,     
caution is no longer required to be exercised by Caxton shareholders when       
dealing in their securities.                                                    
Johannesburg                                                                    
18 November 2003                                                                
Investment      Sponsor to    Sponsor to     Attorneys to                       
bank to the     Caxton        Kagiso Media   Kagiso Media                       
Consortium and                               and Johncom                        
sponsor to                                                                      
Johncom                                                                         
Nedbank         Sasfin        Investec       Webber                             
Corporate                     Securities     Wentzel                            
                                             Bowens                             
Attorneys to                                 Attorney to                        
the Consortium                               Caxton                             
on ICASA                                                                        
matters                                                                         
Mahlangu Nkomo                               Fluxmans Inc                       
Mabandla                                                                        
Ratshimbilani                                                                   
Attorneys                                                                       
Date: 18/11/2003 05:05:20 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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