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Metje & Ziegler Limited - Cautionary Announcement                               
Metje & Ziegler Limited                                                         
South African share code: MZG                                                   
Namibian share code: MAZ                                                        
(ISIN: ZAE000031274)                                                            
(Registration number: 196)                                                      
("the Company")                                                                 
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the Company has entered into negotiations         
regarding the sale of certain properties, which, if successfully concluded, may 
have a material effect on the price of the Company`s securities.  Accordingly,  
shareholders are advised to exercise caution when dealing in the Company`s      
securities until a full announcement is made.                                   
Ends                                                                            
Date: 23/10/2002 05:10:00 PM Produced by the JSE SENS Department                

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