CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Hicor is involved in negotiations which, if
successfully concluded, may have an effect on the price that its shares
trade on the JSE Securities Exchange South Africa. Accordingly, shareholders
are advised to exercise caution when dealing in their Hicor shares until a
further announcement is made.
Pretoria
5 November 2001
Investment Bank and Sponsor
PSG Investment Bank
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