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Tue 26 Nov 2002, 16:19 JSE SECURITIES EXCHANGE SA - ANNOUNCEMENT
JSE SECURITIES EXCHANGE SA - ANNOUNCEMENT                                       
MODIFIED AUDIT OPINION ON ANNUAL FINANCIAL STATEMENTS                           
RARE EARTH EXTRACTION COMPANY LIMITED ("RARECO")                                
(ALPHA CODE:  RCO   ISIN: ZAE000038329)                                         
The JSE Securities Exchange South Africa ("the JSE") wishes to advise that the  
audit opinion on Rareco`s annual financial statements for the year ended 30 June
2002 contains an emphasis of matter.  Shareholders are advised to refer to the  
annual financial statements to ascertain the exact nature of the modification.  
Accordingly, the company`s listing on the JSE SETS system will be annotated with
an "E" with effect from Wednesday, 27 November 2002, to indicate the emphasis of
matter.  The annotation will be removed once the company produces an unmodified 
audit opinion.                                                                  
This announcement has been placed by the JSE in the interest of shareholders.   
(26 November 2002)                                                              
Date: 26/11/2002 04:02:19 PM Produced by the JSE SENS Department                

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