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Thu 27 Jun 2002, 0:00 Kersaf Investments Limited - Announcement
Kersaf Investments Limited - Announcement                                       
Kersaf Investments Limited                                                      
   (Incorporated in the Republic of South Africa)                               
(Registration number 1967/007528/06)                                         
   JSE share code: KER   ISIN: ZAE000003844                                     
   ("Kersaf")                                                                   
Announcement                                                                    
Kersaf shareholders are referred to the announcement published on            
   3 July 2001 and the circular dated 3 August 2001 dealing with,               
   inter alia, an undertaking by Royale Resorts Holdings Limited,               
   a 73,3% held subsidiary of Kersaf, to sell 2 000 000                         
Kerzner International Limited (formerly Sun International Hotels Limited)    
   ("KZL") shares by 30 June 2002 ("the compulsory sale").                      
   Shareholders are advised that it has been mutually agreed with KZL to        
   extend the date for the completion of the compulsory sale by 120 days        
to 30 October 2002.                                                          
Shareholders will continue to be kept informed in this regard.                  
   Sandton                                                                      
   27 June 2002                                                                 
Financial adviser and sponsor                                                   
   ING Investment Banking                                                       
Date: 27/06/2002 05:24:49 PM Produced by the SENS Department                    

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