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- LOGO -
Dorbyl Limited
(Registration Number
1911/001510/06)
(Incorporated in the Republic
of South Africa)
("Dorbyl")
CAUTIONARY ANNOUNCEMENT
Nedcor Investment Bank Limited is authorised to announce that Dorbyl has
entered into discussions which,  if successfully concluded, may have an
effect on the Dorbyl share price.
Shareholders of Dorbyl are accordingly advised to exercise caution in their
share dealings until a further announcement is made.
Johannesburg
31 May 2001


Investment bank                   Sponsor

                                  - LOGO -
                                  HSBC Securities SA (Pty) Limited

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