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DAEWOO ELECTRONICS S.A. LIMITED - RENEWAL OF CAUTIONARY ANNOUNCEMENT            
Daewoo Electronics S.A. Limited                                                 
(Incorporated in the Republic of South Africa)                                  
Registration number: 1987/004570/06                                             
Share code: DAE ISIN: ZAE000009437                                              
("Daewoo" or "the company")                                                     
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement dated 17 April 2002, shareholders are    
advised that negotiations are still in progress which, if successfully          
concluded may have a material effect on the price of the company`s              
securities.  Accordingly, shareholders are advised to exercise caution when     
dealing in the company`s securities until a full announcement is made.          
5 June 2002                                                                     
Johannesburg                                                                    
Corporate Adviser                Sponsor                                        
Corporate Solutions              Exchange Sponsors                              
Date: 05/06/2002 02:13:00 PM Produced by the SENS Department

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