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Gilboa Properties Limited - Cautionary Announcement                             
GILBOA PROPERTIES LIMITED                                                       
(Registration number 1986/004649/06)                                            
("Gilboa")                                                                      
Share code:  GLB                                                                
ISIN code : . ZAE 000010286                                                     
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that Gilboa has entered into negotiations which if     
successfully concluded could affect the price at which its shares trade on the  
JSE Securities Exchange South Africa.                                           
Accordingly, shareholders are advised to exercise caution when dealing in their 
shares until a further announcement is made.                                    
Pretoria                                                                        
12 September 2002                                                               
Sponsor                                                                         
Sasfin Bank Limited                                                             
Date: 12/09/2002 11:10:48 AM Produced by the JSE SENS Department

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