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Tue 30 Dec 2003, 13:36 CAUTIONARY ANNOUNCEMENT
ANBEECO INVESTMENT HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                   
ANBEECO INVESTMENT HOLDINGS LIMITED                                             
(Registration number 1984/002788/06)                                            
Share code: AEC                                                                 
ISIN: ZAE000000162                                                              
(Anbeeco)                                                                       
CAUTIONARY ANNOUNCEMENT                                                         
1.   Further to the announcement dated 30 October 2003 Anbeeco has been inform
     by certain major shareholders that they have entered into an agreement with
     Solomon Krok ("Krok") in terms of which, subject to the approval of Anbeeco
     shareholders in general meeting and to all such regulatory approvals as may
required (including the approvals of the JSE Securities Exchange South Afri
     and the Securities Regulation Panel), if Krok offers to sell assets to the 
     Anbeeco group in consideration for the allotment of Anbeeco shares, Anbeeco
     board will consider the offer and if the board decides that the offer has m
a general meeting will be convened to consider the offer.  These arrangemen
     will lapse if Krok has not offered to sell assets to the Anbeeco group by 3
     April 2004.                                                                
  2.   The Anbeeco group has commenced operating a business offering short- term
secured credit and related facilities to clients.                          
  3.   Shareholders are advised to continue to exercise caution in their dealing
     in Anbeeco shares pending a further announcement.                          
Johannesburg                                                                    
30 December 2003                                                                
Attorneys to Anbeeco and the major shareholders:                                
Werksmans Incorporated                                                          
(Registration number 1990/007215/21)                                            
Sponsor:                                                                        
Werksmans Sponsors (Pty) Limited                                                
(Registration number 2000/005164/07)                                            
Date: 30/12/2003 12:45:05 PM Supplied by www.sharenet.co.za                     
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