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(Registration No. 1987/005284/06)
  Share code HYP    ISIN ZAE00003430
  ("Hyprop")
CAUTIONARY ANNOUNCEMENT
Corpcapital Corporate Finance is authorised to announce that Hyprop is
involved in negotiations which, if successfully concluded, may have an
effect on the price at which the Hyprop linked units trade.
Hyprop linked unit holders are accordingly advised to exercise caution when
dealing in their linked units until such time as a further announcement is
made.
  Rosebank
  2 November 2001
Corporate advisor and sponsor
  Corpcapital Corporate Finance
  a sponsor registered with the
  JSE Securities Exchange South Africa

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