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Samroc - RENEWAL OF CAUTIONARY ANNOUNCEMENT                                     
SA MINERAL RESOURCES CORPORATION LIMITED                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/000460/06)                                            
Share code:    SAM       ISIN:     ZAE000012019                                 
("Samroc")                                                                      
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement of 31 October 2002, Samroc shareholders  
are advised that negotiations for the proposed acquisition of NiMag Limited are 
continuing.                                                                     
Samroc shareholders are accordingly advised that they should continue to        
exercise caution in dealing in their Samroc shares until a further announcement 
is made.                                                                        
Irene                                                                           
17 December 2002                                                                
Sponsor                                                                         
Sasfin Bank Limited                                                             
Date: 17/12/2002 09:49:00 AM Produced by the JSE SENS Department                

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