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HCI - Cautionary Announcement                                                   
HOSKEN CONSOLIDATED INVESTMENTS LIMITED                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1973/007111/06)                                            
(ISIN ZA000003257)  (Share code HCI)                                            
("HCI" or "the company")                                                        
Cautionary announcement                                                         
Shareholders are advised that HCI has entered into negotiations, which if       
successfully concluded, may have a material effect on the price of the company`s
shares.                                                                         
Accordingly, shareholders are advised to exercise caution when dealing in their 
shares until a full announcement is made.                                       
Durban                                                                          
31 July 2002                                                                    
Sponsor                                                                         
ENF Sponsors (Pty) Ltd                                                          
(Registration number 2000/027636/07)                                            
Date: 31/07/2002 12:36:55 PM Produced by the JSE SENS Department                

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