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Wed 30 Oct 2002, 17:02 COMMERCIAL FINANCE COMPANY LIMITED - FURTHER CAUTI
COMMERCIAL FINANCE COMPANY LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT            
COMMERCIAL FINANCE COMPANY LIMITED                                              
(Incorporated in the Republic of South Africa)                                  
Registration number 1944/0000264/06                                             
Share Code: CFC                                                                 
ISIN NO: ZAE000001343                                                           
("CFC" or  "the Company")                                                       
Further cautionary announcement                                                 
Further to the cautionary announcements dated 9 September and 17 September 2002,
shareholders are advised that the Company is still in the process of considering
the realisation of its assets in anticipation of a members` voluntary winding-up
of the Company, which if successfully implemented, may have a material effect on
the price at which the Company`s securities trade on the JSE Securities         
Exchange, South Africa.                                                         
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in the Company`s securities until a detailed announcement, including the
terms of the realisation of its assets is made.                                 
Durban                                                                          
30 October 2002                                                                 
Corporate advisor to   Legal advisor to  Sponsor to CFC                         
CFC                    CFC                                                      
                                         BoE Securities (Pty)                   
BoE Merchant Bank, a   Cox Yeats         Limited                                
division of BoE Bank   Attorneys                                                
Limited                                                                         
Date: 30/10/2002 04:40:00 PM Produced by the JSE SENS Department                



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