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Wed 6 Jun 2001, 0:00 Saambou Holdings Limited: Further Cautionary Annou
SAAMBOU HOLDINGS LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1987/004170/06)
  ("Saambou")
Further Cautionary Announcement
Further to the cautionary announcement that appeared in the press on 24
April 2001, Saambou shareholders are advised that negotiations are still in
progress which may result in Fedsure Life Assurance Limited disposing of its
approximate 41% shareholding in Saambou.
Accordingly, shareholders of Saambou are advised to continue to exercise
caution when dealing in their shares until a further announcement is made.
Pretoria
6 June 2001
Corporate adviser to Saambou
  ABN-AMRO Securities (South Africa) (Pty) Ltd.
  Registration number 1995/001231/07
  Member of the JSE Securities Exchange South Africa
Sponsor
  ABN-AMRO Securities (South Africa) (Pty) Ltd.
  Registration number 1995/001231/07
  Member of the JSE Securities Exchange South Africa
Merchant Bank to Fedsure
  Investec Corporate Finance
  Investec Bank Limited
  (Registration number 1969/004763/06)
Attorneys to Saambou
  Jowell, Glyn & Marais Inc
  (Registration number 1990/000849/21)


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