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Wed 14 Aug 2002, 0:00 Nando`s Group Holdings Limited - Cautionary Announ
NANDO`S GROUP HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                        
Nando`s Group Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/007318/06)                                            
Share code NDS   ISIN ZAE000029765                                              
("NGH" or "the Company")                                                        
Cautionary announcement                                                         
Rand Merchant Bank is authorised to announce that the controlling shareholders  
of NGH is considering a transaction that could result in an offer to the        
shareholders of NGH, other than the controlling shareholders, to acquire all of 
their NGH shares at 65 cents per share ("the offer").                           
The controlling shareholders have indicated that they will inform the Company   
within the next four weeks as to whether or not an offer will be forthcoming    
from them.  Accordingly, NGH shareholders are advised to exercise caution when  
dealing in their shares until such time as a further announcement is made.      
Sandton                                                                         
14 August 2002                                                                  
Merchant bank and sponsor            Attorneys                                  
Rand Merchant Bank                   Werksmans                                  
Date: 14/08/2002 07:51:00 AM Produced by the JSE SENS Department
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