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JASCO ELECTRONICS HOLDINGS LIMITED                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/003293/06)                                            
Share Code : JSC ISIN: ZAE000003794                                             
("Jasco")                                                                       
Further Cautionary Announcement                                                 
Shareholders are referred to the further cautionary announcement of 19 November 
2002.  Negotiations are at an advanced stage and further details on progress    
will be reported in due course. The resulting transaction, if successfully      
completed, may have an effect on Jasco`s share price.                           
Shareholders are accordingly advised to continue exercising caution when dealing
in Jasco`s shares.                                                              
Woodmead                                                                        
02 January 2003                                                                 
Sponsor                                                                         
Sasfin Bank Limited                                                             
Date: 02/01/2003 09:23:03 AM Produced by the JSE SENS Department

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