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Mon 21 Jan 2002, 0:00 Cycad Financial Holdings Limited - Renewal Of Caut
CYCAD FINANCIAL HOLDINGS LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1998/008637/06)
  Share code: CYD  ISIN: ZAE000017729
  ("the company")
Renewal Of Cautionary Announcement
   Further to the renewal of the cautionary announcement dated 27 November
2001, shareholders are advised that the company is still considering various
restructuring alternatives, which if successfully finalised, 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
  21 January 2002
Investment bank
  Nedcor Investment Bank
Corporate law advisers and consultants
  Edward Nathan & Friedland (Pty) Ltd
  (Registration number 1999/026464/07)
Attorneys
  Werksmans Incorporated
  (Registration number 1990/007215/21)
Sponsor
  Deutsche Securities
  Member of the Deutsche Bank Group
  Deutsche Securities (SA) (Proprietary) Limited
  (Registration number 1995/011798/07)

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