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FAIRVEST PROPERTY
HOLDINGS LIMITED
   (Formerly Glocash Investments Limited)
   (Incorporated in the Republic of South Africa)
   (Registration number 1998/005011/06)
   JSE Share code: FVT   ISIN: ZAE000034658
   ("Fairvest")
CAUTIONARY ANNOUNCEMENT
  Fairvest linked unit holders are advised that negotiations pertaining to
the acquisition of a substantial property portfolio are currently in
progress , which, if successfully concluded, may have a material effect on
the price of the linked units.
Accordingly, linked unit holders are advised to exercise caution when
dealing in their linked units until a further announcement is made.
  Johannesburg
  3 April 2002
Sponsor
  LPC Manhattan Sponsors (Pty) Ltd
  (Registration number 1999/024792/07)

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