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SA MINERAL RESOURCES CORPORATION LIMITED                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/000460/06)                                            
Share code:    SAM       ISIN:     ZAE000012019                                 
("Samroc")                                                                      
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the renewal of cautionary announcement of 17 December 2002, Samroc   
shareholders are advised that negotiations for the proposed acquisition of NiMag
Limited are continuing.                                                         
Samroc shareholders are accordingly advised that they should continue to        
exercise caution in dealing in their Samroc shares until a further announcement 
is made.                                                                        
Irene                                                                           
3 February 2003                                                                 
Sponsor                                                                         
Sasfin Bank Limited                                                             
Date: 03/02/2003 11:33:00 AM Produced by the JSE SENS Department                

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