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Kolosus Holdings Limited                                                        
 (Reg. No.1978/000181/06)                                                       
Share Code:  KOS  ISIN: ZAE000008504                                            
("the company")                                                                 
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that preliminary discussions are in progress, which if 
successfully concluded, could 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 further announcement is made.                      
Johannesburg                                                                    
13 December 2002                                                                
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 13/12/2002 03:22:05 PM Produced by the JSE SENS Department                

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