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Wed 18 Jul 2001, 0:00 Nail/metropolitan - Further Joint Cautionary Annou
New Africa Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/002467/06)
("NAIL")
Metropolitan Life Limited
(Incorporated in the Republic of South Africa)
(Registration number 1949/032491/06)
("Metropolitan")
Further Joint Cautionary Announcement
Further to the cautionary announcements dated 5 March 2001, 17
April 2001 and 6 June 2001 in respect of the corporate convergence
between NAIL and Metropolitan, the Metropolitan restructuring, and
NAIL's non-financial services assets, shareholders of NAIL and
Metropolitan (collectively, the "Companies") are advised to
continue exercising caution when dealing in the Companies'
securities until a further announcement is made.
NAIL
Johannesburg
18 July 2001
Metropolitan
Bellville
18 July 2001
Financial adviser to NAIL
Deutsche Securities (SA) (Pty) Ltd
Financial adviser to Metropolitan
N M Rothschild & Sons
Corporate law adviser and consultant to NAIL
Edward Nathan & Friedland (Pty) Ltd
Legal advise
Deneys Reitz Inc.
Legal adviser to NAIL
Chuene Kwinana Motsatse Inc
Sponsor to Metropolitan in South Africa
N M Rothschild & Sons
Joint sponsors to NAIL
Deutsche Securities (SA) (Pty) Ltd
Wipcapital (Proprietary) Limited
Sponsoring broker to Metropolitan in Namibia
Colin van Zyl / Hendrik Lombard
Trading as Lexus Securities (Pty) Ltd

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