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ANBEECO INVESTMENT HOLDINGS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT           
ANBEECO INVESTMENT HOLDINGS LIMITED                                             
   (Incorporated in the Republic of South Africa)                               
(Registration number 1984/002788/06)                                         
   Share code: AEC   ISIN: ZAE000000162                                         
   ("Anbeeco")                                                                  
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to previous cautionary announcements, the most recent dated 28       
January 2003, shareholders are advised that Anbeeco is still involved in        
negotiations 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.                                                      
   Johannesburg                                                                 
   19 March 2003                                                                
Attorneys                                                                       
Werksmans Incorporated                                                        
  (Registration number 1990/007215/21)                                          
Sponsor                                                                         
  Werksmans Sponsors (Pty) Limited                                              
(Registration number 2000/005164/07)                                          

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