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PRIMEGRO PROPERTIES LIMITED
  (Incorporated in the Republic of South Africa)
  Share code: PMG   ISIN code: ZAE000022620
  (Registration number 1998/018436/06)
  ("Primegro")
Cautionary Announcement
  Linked unit holders of Primegro are advised that Primegro is currently
involved in negotiations which may have a material effect on the price of
Primegro linked units. Accordingly, Primegro linked unit holders are advised
to exercise caution when dealing in their Primegro linked units until a
further announcement is made in this regard.
  Johannesburg
  27 August 2001
Investment Bank and Sponsor
  Nedcor Investment Bank

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