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Mon 12 Aug 2002, 0:00 Falcon Investment Holdings Societe Anonyme - Renew
Falcon Investment Holdings Societe Anonyme - Renewal Of Cautionary              
FALCON INVESTMENT HOLDINGS SOCIETE ANONYME                                      
(Incorporated in Luxembourg - R.C. Number B39773)                               
Share code: FLC         ISIN number: LU0042254812                               
("the Company")                                                                 
RENEWAL OF CAUTIONARY                                                           
Further to the cautionary announcements dated 18 June 2002 and 25 June 2002,    
where reference was made to the cautionary announcement released by the         
Company`s subsidiary Falcon Gold Zimbabwe Limited on the 5 March 2002,          
shareholders are now advised that:                                              
"FALCON GOLD ZIMBABWE LIMITED                                                   
CAUTIONARY STATEMENT                                                            
Shareholders have previously been advised, in Cautionary Statements, that       
certain negotiations were in progress which could impact significantly upon     
their interests in the Company and, in view thereof, were further advised to    
exercise caution in any dealings in the Company`s shares, pending a further     
announcement.                                                                   
Although not yet wholly concluded, the negotiations have reached an advanced    
stage, and conclusion thereof is now contingent upon requisite consents of      
regulatory authorities and completion of relevant documentation.  Upon receipt  
of such consents and completion of documentation, the Directors will be in a    
position to provide Shareholders with a comprehensive statement.  It is         
anticipated that that can be released in September, 2002 and shareholders are   
urged to continue to exercise caution in any dealings in the Company`s shares   
until the statement is issued."                                                 
In light of the above, shareholders in Falcon Investment Holdings Socit       
Anonyme are advised to continue to exercise caution and consult their           
professional advisors when dealing in the company`s shares.                     
12 August 2002                                                                  
DC Marshall                        Sponsor                                      
Chairman                           PricewaterhouseCoopers                       
Corporate Finance (Pty) Ltd                                                     
Date: 12/08/2002 04:00:00 PM Produced by the JSE SENS Department                



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