Spearhead Property Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/005827/06)
("Spearhead" or "the company")
Share code: SPE ISIN:ZAE000019162
CAUTIONARY ANNOUNCEMENT
Unitholders are advised that the company is involved in negotiations which, if
successfully concluded, could have a material effect on the price at which
Spearhead linked units trade on the JSE Securities Exchange South Africa.
Spearhead unitholders are accordingly advised to exercise caution when dealing
in their linked units until a further announcement is made.
Johannesburg
11 March 2003
Sponsor
Bridge Capital
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