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Hicor Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/011496/06)                                            
Share code: HOR          ISIN code: ZAE000003331                                
("Hicor" or "the Company")                                                      
WITHDRAWEL OF CAUTIONARY ANNOUNCEMENT                                           
Shareholders are referred to the cautionary announcement dated 24 May 2002 and  
are advised that as the negotiations referred to in that announcement have been 
unsuccessful, caution when dealing in the companies securities is no longer     
required.                                                                       
By order of the Board                                                           
Pretoria                                                                        
11 July 2002                                                                    
Sponsor                                                                         
KPMG                                                                            
Date: 12/07/2002 09:49:00 AM Produced by the JSE SENS Department                

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