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Mon 13 May 2002, 0:00 Brait - Withdrawal Of Cautionary Announcement
BRAIT - WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                   
BRAIT                                                                           
  ("Brait" or "the company")                                                    
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
  Shareowners are referred to the cautionary announcement issued by Brait on    
Monday, 6 May 2002. The company advises that it has terminated the              
discussions which gave rise to the announcement. Consequently, shareowners      
need no longer exercise caution in dealing in their shares.                     
  Brait further announces that in view of the above, the directors propose      
to reschedule the Annual General Meeting of the company to Wednesday, 31        
July 2002. An Extraordinary General Meeting will be held in Luxembourg, on      
Tuesday, 11 June 2002 to approve the proposed new date of the Annual General    
Meeting. A notice in this regard will be posted to shareowners shortly.         
  Luxembourg                                                                    
  13 May 2002                                                                   
Co-sponsor                                                                      
  Brait                                                                         
Lead sponsor                                                                    
  ING Investment Banking                                                        
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