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Fri 14 Sep 2001, 0:00 Cfc/confed - Joint Cautionary Announcement
Commercial Finance Company Limited      Congella Federation Limited
(Incorporated in the Republic of        (Incorporated in the Republic of
 South Africa)                          South Africa)
(Registration number                    (Registration number
1944/000264/06)                         1947/025767/06)
("CFC")                                 ("ConFed")
Share code:CFC                          Share code: CNF
ISIN code:ZAF 000001343                 ISIN code: ZAE000001624
Joint Cautionary announcement
BoE Merchant Bank, a division of BoE Bank Limited, is authorised to announce
that CFC and ConFed are currently involved in negotiations, which, if
successfully concluded, may have a material effect on the price at which CFC
and ConFed securities trade on the JSE Securities Exchange, South Africa.
Accordingly, shareholders are advised to exercise caution when dealing in
CFC and ConFed securities until a further announcement is made.
Durban
14 September 2001
Corporate Advisor to CFC                     Sponsor to the Transaction
BoE Merchant Bank                            BoE Securities (Pty) Ltd
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