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FrontRange Cautionary Announcement                                              
FRONTRANGE LIMITED                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/009928/06)                                            
("FrontRange")                                                                  
Share code : FRO     ISIN : ZAE000035325                                        
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that FrontRange has entered into discussions which, if 
successfully concluded, may have a material effect on the price of FrontRange`s 
shares. Shareholders are accordingly advised to exercise caution when dealing in
FrontRange`s shares until a further announcement is made.                       
Johannesburg                                                                    
 22 July 2002                                                                   
Investment Bank and Sponsor                                                     
Nedcor Investment bank                                                          
Corporate law advisors and consultants                                          
Edward Nathan & Friedland                                                       
Date: 22/07/2002 08:53:00 AM Produced by the JSE SENS Department                

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