Toyota South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number 1905/020429/06)
("Toyota SA" or "the Company")
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the audited consolidated financial results of
Toyota SA for the year ended 31 December 2000 published on 8 March 2001 ("the
announcement") and, more particularly, to the 'Prospects' section of the
announcement which indicated that the Company, together with Toyota Motor
Corporation of Japan, are presently proactively exploring ways and means of
becoming a much more integrated player in the international Toyota supply
network. The directors now advise that a point has been reached in such
negotiations which, if implemented, may have a material effect on the price of
the Company's shares on the JSE Securities Exchange South Africa.
Accordingly, until such time that a further announcement is made, shareholders
are advised to exercise caution in dealing in their shares.
Johannesburg
29 March 2001
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
(Registration number 1970/003711/06)
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