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Mon 24 Jun 2002, 0:00 IOTA FINANCIAL SERVICES LIMITED - FURTHER CAUTIONA
IOTA FINANCIAL SERVICES LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/012195/06)                                            
("IOTA" or "the company")                                                       
JSE code : IOT                                                                  
ISIN code: ZAE 4014759                                                          
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements dated 13 February 2002, 28 March        
2002 and 13 May 2002, shareholders are advised that the Directors of IOTA       
"the Board" are still considering certain proposals relating to the company,    
the full impact of which is still being assessed and which, if successful,      
may have a material effect on the price at which IOTA's shares trade on the     
"JSE Securities Exchange South Africa".                                         
The board is confident that it will be in a position to announce further        
details to shareholders before the expiry of this further cautionary            
announcement.                                                                   
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in IOTA shares on the JSE until a further announcement is made.         
Johannesburg                                                                    
24 June 2002                                                                    
Corporate advisor   Sponsor                                                     
Brait               PricewaterhouseCoopers                                      
Corporate Finance (Pty) Ltd                                 
Date: 24/06/2002 04:45:00 PM Produced by the SENS Department
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