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Tue 22 Jan 2002, 0:00 Apexhi Properties: Further Cautionary Announcement
APEXHI PROPERTIES LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1999/000238/06)
  Share code: APA  ISIN: ZAE000033064
  Share code: APB  ISIN: ZAE000033072
  ("ApexHi")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 12 December 2001, Corpcapital
Corporate Finance is authorised to announce that ApexHi is still in
negotiations which, if successfully concluded, will significantly increase
the size of its portfolio of property assets and may have a material effect
on the price of ApexHi linked units.
   ApexHi linked unitholders are accordingly advised to continue to exercise
caution when dealing in their linked units until such time as a further
announcement is made.
  Rosebank
  23 January 2002
Corporate advisor and sponsor
  Corpcapital Corporate Finance
  a sponsor registered with the
  JSE Securities Exchange South Africa

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