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Wed 20 Mar 2002, 0:00 Genbel South Africa Limited - Renewal Of Cautionar
GENBEL SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1949/032379/06)
Share code   :  GBL
ISIN Code    :  ZAE00010054
("Genbel")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further  to  the cautionary announcement dated 7 February 2002, shareholders
are advised that negotiations are still in progress.  The successful outcome
of these negotiations could have an effect on the price of Genbel shares.
Accordingly,  shareholders are advised to continue to exercise caution  when
dealing in Genbel shares until a further announcement is made.
Johannesburg
20 March 2002
Investment bank and       Merchant Bank       Sponsoring broker in
sponsor                                       Namibia
Gensec Bank Limited       Rand Merchant Bank  Hendrik Lombard
Gensec Bank Limited                           Member of the Namibian
(Reg No 1996/004744/06)                       Stock Exchange
                                              Trading as Simonis Storm
                                              Securities

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