CAUTIONARY
International Paper (the ultimate holding company of Masonite (Africa) Limited)
has announced it intends to dispose of Masonite Corporation USA, which is the
majority shareholder of Masonite (Africa) Limited.
Accordingly, shareholders are advised to exercise caution when dealing in the
company's securities until a further announcement is made regarding the
disposal and the consequences thereof.
The Directors
Durban
22 February 2001
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