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EXPLORER CORPORATION HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/010950/06)
("Explorer" or "the Company")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Explorer Corporation Holdings Limited has entered
into discussions regarding a material transaction, that, if successfully
concluded could have a material effect on the share price of the Company.
Accordingly, shareholders are advised to exercise caution when dealing in the
Company's securities until a further announcement is made.
Johannesburg
13 February 2001
SPONSOR
SASFIN BANK LIMITED

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