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EXPLORER CORPORATION HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/010950/06)
("Explorer" or "the Company")
 FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcements published on 13 February
2001, and 6 April 2001.
Explorer is currently involved in discussions that if successfully concluded
may have a material effect on the share price of the Company.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the Company's securities until a further announcement is made.
Johannesburg
27 June 2001
SPONSOR

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