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EQUINOX HOLDINGS LIMITED
(Registration number 1998/013261/06)
("Equinox" or "the Company")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Equinox is considering proposals which, if
implemented, will unlock value in the underlying assets of the Company and
will include a distribution to shareholders.  The above proposal may have a
material effect on the share price, and accordingly, shareholders are
advised to exercise caution when dealing in their shares until a further
announcement is published.
Johannesburg
31 August 2001

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