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RELYANT RETAIL LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1937/010108/06)
  Share code: RLY   ISIN: ZAE000016457
  ("Relyant" or "the company")
CAUTIONARY ANNOUNCEMENT
   The shareholders of Relyant are advised that the company has entered into
negotiations, which if successfully concluded, may have a material effect on
the price of the company's securities.
   Accordingly, shareholders are advised to exercise caution when dealing in
the company's securities until a full announcement is made.
   Johannesburg
   8 November 2001
Merchant bank and sponsor
  Investec Bank Limited
  (Registration number 1969/004763/06)

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