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CAUTIONARY ANNOUNCEMENT
IOTA FINANCIAL SERVICES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/012195/06)
("IOTA" or "the company")
JSE code: IOT           ISIN code: ZAE 4014759
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the Directors of IOTA are considering certain
proposals relating to the company, the full impact of which is currently
being assessed and which, if accepted, may have a material effect on the
share price of IOTA.
Accordingly, shareholders are advised to exercise caution when dealing in
IOTA shares until a further announcement is made.
Johannesburg
13 February 2002
Corporate advisor          Sponsor
Brait                      PricewaterhouseCoopers
                           Corporate Finance (Pty) Ltd

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