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CHESTER INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1983/005300/06)
Share code:  CES    ISIN code: ZAE 0000 13348
("Chester")
Cautionary announcement
Chester shareholders are advised that negotiations are taking place which,
if successfully concluded, may have a material effect on Chester's share
price.
Chester shareholders are accordingly advised to exercise caution when
dealing in their shares until a further announcement is made.
Johannesburg
22 March 2002
Sponsor and investment bank
PSG Investment Bank

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