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The Afrikander Lease Limited - Announcement                                     
The Afrikander Lease Limited                                                    
(Incorporated in the Republic of South Africa)                                  
AFL (JSE) AFKDY (NASDAQ)                                                        
(Registration Number 1921/006955/06) Share Code: AFL                            
ISIN Code: ZAE000000253 ("Aflease" or "the company" of "AFL")                   
"The Directors of The Afrikander Lease Limited are pleased to announce that the 
final payment for the subscription of shares by Jipangu Inc was received on 15  
October 2002.  Jipangu Inc successfully subscribed for 20.5 million shares at   
R6.50 per share."                                                               
16 October 2002                                                                 
Date: 16/10/2002 11:44:59 AM Produced by the JSE SENS Department                

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