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DORBYL LIMITED                                                                  
  (Incorporated in the Republic of South Africa)                                
(Registration number 1911/001510/06)                                          
  (Share code: DLV   ISIN: ZAE000002184)                                        
  ("Dorbyl")                                                                    
CAUTIONARY ANNOUNCEMENT                                                         
Dorbyl shareholders are advised that proposals are being considered and         
negotiations are taking place which, if successfully implemented and concluded, 
may have a material effect on Dorbyl`s share price.                             
Dorbyl shareholders are accordingly advised to exercise caution in dealing in   
their shares until a further announcement is made.                              
  Johannesburg                                                                  
  7 August 2002                                                                 
Investment bank and sponsor                                                     
PSG Investment Bank                                                           
Date: 08/08/2002 07:54:59 AM Produced by the JSE SENS Department                

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