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ENTERPRISE RISK MANAGEMENT LIMITED                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1995/001603/06)                                           
(JSE Code: ERM & ISIN Code: ZAE000037701)     1AAA06FAF37B7489E72184B723FB5B3A  
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Shareholders are referred to the Cautionary Announcement made on 10 January 2003
and are advised that as discussions and negotiations in relation to a potential 
transaction have expired, caution is no longer required when dealing in the     
Company`s shares.                                                               
Randburg                                                                        
26 February 2003                                                                
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
Date: 26/02/2003 11:53:00 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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