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Vestacor Limited - Cautionary announcement                                      
Vestacor Limited                                                                
(Incorporated in the Republic of SA)                                            
(Registration Number 1996/017285/06)                                            
(Share Code:  VTR      ISIN:  ZAE 000018412)                                    
("Vestacor")                                                                    
cautionary announcement                                                         
Vestacor shareholders are advised that Vestacor is currently in negotiations    
which, if successfully concluded, may have a material effect on Vestacor`s share
price.                                                                          
Vestacor shareholders are accordingly advised to exercise caution in dealing in 
their shares until a further announcement is made.                              
Johannesburg                                                                    
23 September 2002-                                                              
Investment bank and sponsor                                                     
PSG Investment bank                                                             
Date: 23/09/2002 01:10:00 PM Produced by the JSE SENS Department

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