Real Africa Holdings Limited Real Africa Investments Limited
(Registration number (Registration number 1994/000398/06)
1994/003919/06) ("RAI")
("RAH") Share code: RAI
Share code: RAH ISIN: ZAE000008710
ISIN:ZAE000008702
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements published on 12 February 2002 and 27
March 2002 respectively, shareholders are advised that issues surrounding
the process to unlock shareholder value are still under consideration.
Shareholders of RAH and RAI are therefore advised to continue to exercise
caution in dealing in their RAH and RAI shares pending further announcements
in this regard.
Houghton
8 May 2002
Merchant Bank and Sponsor
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Corporate Law Advisers and Financial Advisors
Consultants
EDWARD NATHAN & FRIEDLAND (PTY) LTD Rand Merchant Bank
(Registration Number 1999/026464/07) (A division of First Rand Limited)
(Registration Number 1929/001225/06)
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