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Fri 14 Dec 2001, 0:00 Anbeeco - Further Cautionary Announcement
ANBEECO INVESTMENT HOLDINGS LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration No. 1984/002788/06)
  Share code: AEC  ISIN: ZAE000000162
  ("Anbeeco")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the announcements dated 31 July 2001 and 30 October 2001,
shareholders are advised that the process of realising the remaining assets
of the group is progressing satisfactorily.
  Furthermore, Anbeeco is still involved in discussions which if concluded
may have an effect on Anbeeco's share price.
  Shareholders are accordingly advised to continue to exercise caution when
dealing in Anbeeco shares.  A further announcement will be made as soon as
possible.
  Johannesburg
  14 December 2001
Sponsor
  Werksmans Sponsors (Proprietary) Limited
  (Registration No. 2000/005164/07)
Attorneys
  Werksmans Incorporated
  (Registration No. 1990/005857/21)

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