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Tue 25 Feb 2003, 14:25 Anglovaal Industries Limited - Cautionary Announce
Anglovaal Industries Limited - Cautionary Announcement                          
Anglovaal Industries Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1944/017201/06)                                            
("AVI" or "the Company")                                                        
Share code: AVI                                                                 
ISIN: ZAE000030102                                                              
CAUTIONARY ANNOUNCEMENT                                                         
Standard Corporate and Merchant Bank is authorised to announce that AVI has     
entered into negotiations which, if successfully concluded, may have a material 
impact on the price of the Company`s securities.                                
Accordingly, shareholders of AVI are advised to exercise caution when dealing in
the Company`s securities until a further announcement is made.                  
Sandton                                                                         
25 February 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)                                            
Date: 25/02/2003 12:48:00 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             



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