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Thu 11 Jul 2002, 0:00 Rand Lease Properties Limited - Cautionary Announc
Rand Lease Properties Limited - Cautionary Announcement                         
RAND LEASES PROPERTIES LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1978/000870/06)                                               
(Share code: RPR                                                                
(ISIN code : ZAE000028254)                                                      
("Rand Leases" or "the Company")                                                
Cautionary Announcement                                                         
Linked unit holders are advised that the Company has received a proposal        
regarding its property portfolio and entered into negotiations, which if        
successfully concluded, may have a material impact on the price of the Company`s
securities.                                                                     
Accordingly, linked unit holders are advised to exercise caution when dealing in
the Company`s securities until a further announcement is made                   
Johannesburg                                                                    
12 July 2002                                                                    
Date: 11/07/2002 05:15:00 PM Produced by the JSE SENS Department
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