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GLOBAL VILLAGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/017632/06)
("Global Village")
Share Code:  GLL      ISIN  ZAE000015426
CAUTIONARY ANNOUNCEMENT
Shareholders  are  advised that negotiations are in progress  regarding  the
disposal of certain of Global Village's assets.  Should the negotiations  be
successfully concluded the price at which Global Village shares trade on the
JSE Securities Exchange South Africa could be affected.
Shareholders should therefore exercise caution when dealing in their  Global
Village shares until a further announcement is made.
Johannesburg
15 March 2002
Sponsor
SASFIN BANK LIMITED

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