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Hosken Consolidated Investments Limited                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1973/007111/06)                                            
Share Code    : HCI                                                             
ISIN Code     : ZAE000003257                                                    
Cautionary Announcement                                                         
Shareholders are advised that HCI is involved in negotiations which, if         
successfully concluded, may have an effect on the price at which its shares     
trade on the JSE Securities Exchange South Africa.                              
Accordingly, shareholders are advised to exercise caution when dealing in their 
HCI shares until a further announcement is made.                                
Durban                                                                          
3 February 2003                                                                 
Independent Advisor and Sponsor                                                 
Nedbank Corporate                                                               
Date: 03/02/2003 08:33:00 AM Produced by the JSE SENS Department                

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