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(Incorporated in the Republic of South Africa)
(Registration number 1997/010950/06)
("the Company")
SHARE CODE: EPL
ISIN      : ZAE000017489
Further Cautionary Announcement
Shareholders are referred to the cautionary announcements published on 13
February, 6 April, 27 June and 14 August 2001.
Explorer continues to be involved in discussions that if successfully
concluded may have a material effect on the share price of the Company.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the Company's securities until a further announcement is made.
Johannesburg
05 October 2001
SPONSOR
SASFIN BANK LIMITED

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