AVGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1990/007025/06)
("Avgold" or "the company")
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Cautionary announcement
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Investec Bank Limited is authorised to announce that the Board of Directors
of Avgold is considering the merits of the disposal of the company's ETC
gold mining complex in Barberton, Mpumalanga Province. In the event that the
company decides to proceed with the disposal, prospective buyers will be
invited to participate in a formal process, by which the disposal will be
affected.
Accordingly, shareholders are advised to exercise caution when dealing in
the company's shares until a further announcement is made.
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22 May 2001
Johannesburg
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Merchant bank
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Sponsor
Deutsche Securities (SA) (Pty) Limited
(Registration number 1995/011798/07)
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