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METBOARD PROPERTIES LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1998/005425/06)
  Share code MPL   ISIN ZAE000014874
  ("Metprol" or "the company")
Cautionary announcement
Linked unitholders of Metprol 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, Metprol linked unitholders are advised to exercise caution when
dealing in the company's securities until a further announcement is made.
  Sandton
  3 December 2001
Merchant bank and sponsor
  Investec Corporate Finance
  Investec Bank Limited
  (Registration number 1969/004763/06)

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