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Tue 27 Nov 2001, 0:00 Cycad: Further Cautionary Announcement
CYCAD FINANCIAL HOLDINGS LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1998/008637/06)
  Share code: CYD   ISIN: ZAE000017729
  ("the company")
Further Cautionary Announcement
   Further to the renewal of cautionary announcement dated 10 October 2001,
shareholders are advised that the company is still considering various
restructuring alternatives, which if successfully concluded may have an
effect on the price of the company's shares. Accordingly, shareholders are
advised to continue exercising caution when dealing in the company's shares
until a further announcement is made.
   Johannesburg
   27 November 2001
Investment bank
  Nedcor Investment Bank
Corporate law advisers and consultants
  Edward Nathan & Friedland (Pty) Ltd
  (Registration number 1999/026464/07)
Attorneys
  Werksmans Incorporated
Sponsor
  Deutsche Securities
  Member of the Deutsche Bank Group
  Deutsche Securities (SA) (Proprietary) Limited
  (Registration number 1995/011798/07)

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