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Thu 17 May 2001, 0:00 Kagiso Media Limited - Further/updated Cautionary
Further  to  the  cautionary announcement of 3 April 2001, shareholders  are
advised  that  discussions  are  still in progress  which,  if  successfully
concluded,  may have a material effect on the price of the Company's  shares
on the JSE Securities Exchange South Africa.
Accordingly,  shareholders are advised to continue exercising  caution  when
dealing  in  the  shares  of  the  Company until  such  time  as  a  further
announcement is made.
Johannesburg
17 May 2001
Corporate adviser
PricewaterhouseCoopers Corporate Finance
Sponsor
Investec Securities



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