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Tue 15 Jan 2002, 0:00 Amb Partners - Further Cautionary Announcement
AMB PRIVATE EQUITY PARTNERS LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1998/015329/06)
  Share code: APP  ISIN: ZAE000026936
  ("AMB Partners")
Further cautionary announcement
Further to the cautionary announcement published on 27 November 2001, AMB
Partners unit holders are advised that the board of AMB Partners is
continuing its examination of various restructuring initiatives which, if
successfully concluded, may have a material effect on the price at which AMB
Partners linked units trade. Unit holders in AMB Partners are therefore
urged to continue to exercise caution in their dealings in AMB Partners
linked units until a full announcement is made in this regard.
  Sandton
  15 January 2002
Merchant bank and corporate sponsor
  AMB
  African Merchant Bank Limited
  Registered Bank
  Registration number 1996/016470/06
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