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Thu 3 Oct 2002, 15:25 Nail - Cautionary Announcement
NAIL - Cautionary announcement                                                  
NEW AFRICA INVESTMENTS LIMITED                                                  
   (Incorporated in the Republic of South Africa)                               
(Registation number 1993/002467/06)                                          
   Share code: NAI and NAN                                                      
   ISIN: ZAE000012134 and ZAE000011946                                          
   ("NAIL")                                                                     
Cautionary announcement                                                         
Shareholders of Nail are advised that Nail has entered into discussions,        
which if successfully concluded, may have a material effect on the price        
of Nail ordinary and "N" ordinary shares. Shareholders of Nail are              
accordingly advised to exercise caution in their dealings in Nail               
ordinary and "N" ordinary shares until a further announcement is made.          
Johannesburg                                                                    
3 October 2002                                                                  
Merchant bank and sponsor to Nail                                               
   AFRICAN MERCHANT BANK LIMITED                                                
   REGISTERED BANK                                                              
   REGISTRATION NUMBER 1996/016470/06                                           
Corporate law advisers and consultants to Nail                                  
   EDWARD NATHAN & FRIEDLAND                                                    
   CORPORATE LAW ADVISERS & CONSULTANTS                                         
   (REGISTRATION NUMBER 1999/026454/07                                          
Date: 03/10/2002 01:00:00 PM Produced by the JSE SENS Department                


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