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Tue 22 Oct 2002, 17:50 Nando`s Group Holdings Limited - Further Cautionar
Nando`s Group Holdings Limited - Further cautionary announcement                
Nando`s Group Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/007318/06)                                            
Share code NDS         ISIN ZAE000029765                                        
("NGH" or "the Company")                                                        
Further cautionary announcement                                                 
Shareholders are referred to the cautionary announcement published on 10        
September 2002, in terms of which shareholders were advised that the controlling
shareholders of NGH are considering a transaction that may result in an offer to
the shareholders of NGH, other than the controlling shareholders, to acquire all
of their NGH shares at 65 cents per share ("the transaction").                  
NGH has been advised that the controlling shareholders are still considering the
transaction.  Accordingly, NGH shareholders are advised to exercise caution when
dealing in their shares until such time as a further announcement is made.      
Sandton                                                                         
22 October 2002                                                                 
Merchant bank and sponsor                                                       
RAND MERCHANT BANK                                                              
A division of FirstRand Bank Limited                                            
CORPORATE FINANCE                                                               
Attorneys                                                                       
WERKSMANS                                                                       
ATTORNEYS                                                                       
Date: 22/10/2002 05:10:00 PM Produced by the JSE SENS Department                



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