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Messina -  Cautionary Announcement                                              
Messina Limited                                                                 
Registration number 1950/035912/06                                              
Share code: MES ISIN: ZAE000004438)                                             
"Messina" or "the company"                                                      
Cautionary Announcement                                                         
Shareholders are advised that, further to the recent well supported rights      
offer,  the Messina board is considering the restructuring of the Messina       
balance sheet with a view to a reduction of balance sheet debt.                 
Shareholders are therefore advised to exercise caution when dealing in their    
Messina shares until further details are announced.                             
Rosebank                                                                        
6 December 2002                                                                 
Sponsor                                                                         
RMB Corporate Finance                                                           
Date: 06/12/2002 02:26:50 PM Produced by the JSE SENS Department                

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