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Thu 8 Aug 2002, 0:00 Mazal Mining and Exploration Limited - Cautionary
MAZAL MINING AND EXPLORATION LIMITED                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/010950/06)                                            
Share code: MZL                                                                 
ISIN code : ZAE000017711                                                        
("Mazal" or "the company")                                                      
CAUTIONARY ANNOUNCEMENT RENEWAL                                                 
Shareholders are referred to the announcement published on 9 January and        
13 June 2002 as well as the interim results published on 20 March 2002          
where they were                                                                 
advised of negotiations to restructure the capital of Mazal.                    
These negotiations are still in progress and may have a material effect         
on the price of Mazal`s securities on the JSE Securities Exchange South         
Africa. Accordingly shareholders are advised to continue to exercise            
caution when dealing in their Mazal                                             
securities until a further announcement is made.                                
Johannesburg                                                                    
08 August 2002                                                                  
Sponsor                                                                         
Sasfin Bank Limited                                                             
Date: 08/08/2002 07:34:54 AM Produced by the JSE SENS Department                



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