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LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
Share code: LAB  ISIN: ZAE000018354
("Labat" or "the company")
CAUTIONARY ANNOUNCEMENT
Brait Advisory Services Limited are authorised to announce that Labat is
currently involved in negotiations which, if successfully concluded, could
have a material effect on the price at which the company's shares are traded
on the JSE Securities Exchange South Africa.
Accordingly, shareholders are advised to exercise caution when dealing in
the company's shares until a further announcement is made.
Johannesburg
24 January 2002
Corporate advisor
Brait

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