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iProp Holdings Limited - Cautionary Announcement                                
iProp Holdings Limited                                                          
(Registration number 1968/001239/06)                                            
Share code: IPR     ISIN: ZAE 000018867                                         
("iProp")                                                                       
Cautionary announcement                                                         
Shareholders are advised that the board of iProp is currently involved in       
discussions which, if successfully concluded, may have a material effect on the 
price at which iProp shares trade on the JSE Securities Exchange South Africa.  
Shareholders are therefore advised to exercise caution when dealing in their    
iProp shares until further details are announced.                               
Johannesburg                                                                    
18 October 2002                                                                 
Sponsor                                                                         
PricewaterhouseCoopers                                                          
Corporate Finance (Pty) Ltd                                                     
(Registration number 1970/003711/07)                                            
Date: 18/10/2002 05:15:00 PM Produced by the JSE SENS Department                

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