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Anbeeco Investment Holdings Limited                                             
   (Incorporated in the Republic of South Africa)                               
(Registration number 1984/002788/06)                                         
   Share code: AEC   ISIN: ZAE000000162                                         
   ("Anbeeco")                                                                  
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to previous cautionary announcements, the most recent dated 10 December 
2002, shareholders are advised that Anbeeco is still involved in negotiations   
which, if concluded, may have an effect on Anbeeco`s share price.               
Shareholders are accordingly advised to continue to exercise caution when       
dealing in Anbeeco shares.                                                      
   Johannesburg                                                                 
   28 January 2003                                                              
Attorneys                                                                       
Werksmans Incorporated                                                        
  (Registration number 1990/007215/21)                                          
Sponsor                                                                         
  Werksmans Sponsors (Pty) Limited                                              
(Registration number 2000/005164/07)                                          
Date: 28/01/2003 03:22:00 PM Produced by the JSE SENS Department

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