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Glenrand M I B - CAUTIONARY ANNOUNCEMENT                                        
     GLENRAND M I B LIMITED                                                     
     Glenrand M I B Limited                                                     
(Incorporated in the Republic of South Africa)                             
     (Registration number 1997/008001/06)                                       
     Share Code: GMB   ISIN :  ZAE000018529                                     
     ("Glenrand M I B ")                                                        
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders  are  advised that Glenrand M I B is  in  discussions  with        
management  minority  shareholders  in  its  United  Kingdom  operation,        
Glenrand Limited, regarding the possibility of a share restructure.             
Shareholders are accordingly advised to exercise caution when dealing in        
the company`s securities until a full announcement is made.                     
Johannesburg                                                                    
4 October 2002                                                                  
Investment bank and sponsor                                                     
Nedcor Investment Bank                                                          
Date: 04/10/2002 03:48:33 PM Produced by the JSE SENS Department

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