Further Cautionary Announcement
Further to Iscor's cautionary announcement dated 22 August 2001,
shareholders are advised that Iscor and IDC have signed Heads of Agreement
regarding, inter alia:
the unbundling of Kumba Resources Limited ("Kumba") out of Iscor;
the full recapitalisation of Saldanha and its merger into Iscor;
the procurement of iron ore by Iscor from Kumba.
The Heads of Agreement are subject, inter alia, to ratification and approval
by the boards of Iscor and IDC respectively by no later than 14:00 on
Friday, 28 September 2001 and a detailed terms announcement will be made
thereafter. Accordingly, shareholders are advised to continue to exercise
caution when dealing in their Iscor shares.
Pretoria and Sandton
21 September 2001
Sponsor to Iscor
JPMorgan
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