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Mon 15 Jul 2002, 0:00 Mccarthy Limited - Withdrawal Of Cautionary Announ
McCarthy Limited - Withdrawal of cautionary announcement                        
McCarthy Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Formerly McCarthy Retail Limited)                                              
(Registration No 1991/003245/06)                                                
("McCarthy")                                                                    
     Ordinary shares:    JSE code: MCC  ISIN: ZAE000034823                      
Preference shares:  JSE code: MCCP ISIN: ZAE000034831                      
     Debentures:         JSE code: MCCD ISIN: ZAE000034849                      
Withdrawal of cautionary announcement                                           
Holders of McCarthy securities ("security holders") are referred to the         
cautionary announcement released on 28 May 2002, where the provisional          
liquidation of Retail Apparel Group Limited was discussed.                      
Although the final liquidation dividend has not been finalised and will not be  
finalised for some time, current projections are that the liquidation will not  
have a material impact on McCarthy`s results. Accordingly, caution in relation  
to this matter is no longer required by security holders when dealing in their  
securities.                                                                     
Security holders will be kept informed of all pertinent developments.           
Durban                                                                          
15 July 2002                                                                    
Sponsor                                                                         
RMB Corporate Finance                                                           
Date: 15/07/2002 04:25:29 PM Produced by the JSE SENS Department                

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