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FORIM HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/004111/06)                                            
("Forim" or "the Company" )                                                     
Share Code: FOM   ISIN Number: ZAE000002689                                     
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the further cautionary announcement published      
on SENS on 13 January 2003 and in the press on 14 January 2003.                 
Negotiations are continuing for the sale of certain of Forim"s fixed            
property.  Accordingly, shareholders are advised to continue to exercise        
caution when dealing in the Company"s securities until a further                
announcement is made.                                                           
12 March 2003                                                                   
Johannesburg                                                                    
SPONSOR                                                                         
SASFIN BANK LIMITED                                                             

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