INDEPENDENT FINANCIAL SERVICES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1950/037061/06)
(Share code: IND ISIN code: ZAE 000 25300)
("IFS" or "the company")
withdrawal of cautionary
IFS shareholders are advised that the negotiations referred to in the
cautionary announcement published on 5 December 2001, which cautionary was
renewed on 30 January 2002, has been terminated.
IFS shareholders accordingly no longer need to exercise caution in dealing
in IFS shares.
JOHANNESBURG
26 February 2002
Sponsor
PSG Investment Bank
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