REAL AFRICA HOLDINGS LIMITED
Real Africa Holdings Limited
(Registration number 1994/003919/06)
Share code: RAH
ISIN: ZAE000008702
("RAH")
FURTHER CAUTIONARY ANNOUCNEMENT
Further to the cautionary announcement published on 28 November 2002,
shareholders of RAH ("shareholders") are advised that the board of directors of
RAH is still considering various proposals that are aimed at unlocking
shareholder value in RAH.
Shareholders are therefore advised to continue to exercise caution in dealing in
their RAH shares pending further announcements in this regard.
Houghton
14 January 2003
Merchant Bank and Sponsor
Standard Corporate and Merchant Bank
(A division of the Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Corporate Law Advisers and Consultants
Edward Nathan & Friedland (Pty) Ltd
(Registration number 1999/026464/07)
Independent Merchant Bank
Rand Merchant Bank
A division of FirstRand Bank Limited
(Registration Number 1929/001225/06
Date: 14/01/2003 05:47:00 PM Produced by the JSE SENS Department
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