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Tue 25 Sep 2001, 0:00 Avgold: Further Cautionary Announcement
AVGOLD LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1990/007025/06)
  Share code: AVG   ISIN: ZAE000012175
  ("Avgold" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT
   Further to the cautionary announcement published in the press on 14
August 2001 shareholders are advised that the Board of Directors of Avgold
is considering the disposal of the company's ETC gold mining complex in
Barberton, Mpumalanga Province.
   Accordingly, shareholders are advised to exercise caution when dealing in
the company's shares until a further announcement is made.
  Johannesburg
  25 September 2001
Merchant bank
  Investec Bank Limited
  (Registration number 1969/004763/06)
Sponsor
  Deutsche Securities
  Member of the Deutsche Bank Group
  Deutsche Securities (SA) (Proprietary) Limited
  (Registration number 1995/011798/07)


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