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OAKFIELDS THOROUGHBREDS AND LEISURE INDUSTRIES LIMITED - CAUTIONARY ANNOUNCEMENT
(Registration number 1983/013789/06)                                            
JSE Code OKF: ISIN ZAE000005138)                                                
("Oakfields" or "the company")                                                  
LPC Manhattan is authorised to announce that discussions are in progress which, 
if successfully concluded, may have a material effect on the company`s share    
price.  Shareholders are accordingly advised to exercise caution when dealing in
the company`s shares.                                                           
Hyde Park                                                                       
11 July 2002                                                                    
Sponsor                                                                         
LPC MANHATTAN                                                                   
LPC Manhattan Sponsors (Pty) Ltd                                                
(Registration number 1999/024792/07)                                            
Date: 12/07/2002 07:15:00 AM Produced by the JSE SENS Department

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