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Tue 17 Sep 2002, 10:59 Congella Federation Limited - Cautionary Announcem
CONGELLA FEDERATION LIMITED - CAUTIONARY ANNOUNCEMENT                           
CONFED                                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1947/025767/06                                              
Ordinary Shares                                                                 
Share Code: CNF                                                                 
ISIN NO: ZAE000001624                                                           
Preference Shares                                                               
Share Code: CNFP                                                                
ISIN NO: ZAE000001632                                                           
("Confed" or "the Company")                                                     
CAUTIONARY ANNOUNCEMENT                                                         
Ordinary shareholders and preference shareholders are referred to the           
announcement made by Commercial Finance Company Limited ("CFC"), the controlling
shareholder of Confed, which appears elsewhere in this publication, informing   
CFC shareholders that the company is considering the realisation of its assets  
in anticipation of a members` voluntary winding-up of CFC ("the proposed asset  
realisation of CFC").  If the proposed asset realisation of CFC is successfully 
implemented, it may have a material effect on the price at which Confed`s       
ordinary shares and preference shares trade on the JSE Securities Exchange,     
South Africa.                                                                   
Accordingly, ordinary shareholders and preference shareholders are advised to   
exercise caution when dealing in the Company`s securities until a detailed      
announcement is made.                                                           
Durban                                                                          
17 September 2002                                                               
Merchant Bank to Confed        Sponsor to Confed                                
A division of BoE Bank Limited BoE Securities (Pty) Limited                     
(Co. Reg. No. 1951/000847/06)  (Member of the JSE Securities                    
                               Exchange SA)                                     
                               (Registration number                             
1996/012240/07)                                  
Legal Advisor to Confed                                                         
Cox Yeates Attorneys                                                            
Date: 17/09/2002 09:06:00 AM Produced by the JSE SENS Department                



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