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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")
Further cautionary announcement
Further to the cautionary announcement dated 3 December 2001 linked
unitholders of Metprol are advised that the company is still involved in
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 continue to exercise
caution when dealing in the company's securities until a further
announcement is made.
Sandton
22 January 2002
Sponsor
Investec Securities Limited
Member of the JSE
Registration No. 1972/008905/06

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