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iFOUR PROPERTIES LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                      
iFOUR PROPERTIES LIMITED                                                        
Incorporated in the Republic of South Africa                                    
(Registration number 2001/016118/06                                             
Share code: iFour                                                               
ISIN: ZAE 000039236                                                             
("iFour")                                                                       
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 16 October 2002, linked unitholders
are advised that negotiations are still in progress and are advised to continue 
to exercise caution when dealing in iFour linked units until a further          
announcement is made.                                                           
Johannesburg                                                                    
6 December 2002                                                                 
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration number 1970/003711/07)                                            
Date: 06/12/2002 08:55:51 AM Produced by the JSE SENS Department                

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