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METOREX LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1934/005478/06)                                            
Share code: MTX                                                                 
ISIN code: ZAE000022745                                                         
Issuer code" MEMTX                                                              
("Metorex")                                                                     
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Metorex shareholders are referred to the cautionary announcement dated 3        
December 2002 and are advised that negotiations are still in progress which, if 
successfully concluded, could affect the price of Metorex shares.               
Accordingly, Metorex shareholders are advised to continue exercising caution    
when dealing in their shares on the JSE Securities Exchange South Africa until a
further announcement is made.                                                   
Johannesburg                                                                    
10 January 2003                                                                 
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance                                         
(Pty) Limited                                                                   
Date: 10/01/2003 05:02:00 PM Produced by the JSE SENS Department                

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