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Wed 12 Mar 2003, 18:08 iProp Holdings Limited - Adjournment of the genera
iProp Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/001239/06)                                            
Share Code: IPR          ISIN: ZAE 000018867                                    
("iProp" or "the company")                                                      
Adjournment of the general meeting to Wednesday 26 March                        
2003                                                                            
Shareholders are referred to the announcement published on SENS on Monday 10    
March 2003 concerning the proposed adjournment of the general meeting, convened 
to be held on Wednesday 12 March 2003, due to the delivery to the board of iProp
of an offer by Rowan Tree 4 (Pty) Limited, a wholly-owned subsidiary of Mettle  
Limited, to acquire the businesses of the company, iProp Limited and Lerix      
Investments (Pty) Limited.                                                      
The proposed adjournment was approved by shareholders in order to afford the    
directors the opportunity to consider the new offer.  The general meeting has   
accordingly been adjourned to 09:30 on Wednesday 26 March 2003 at a new venue,  
namely, The Grace In Rosebank, 54 Bath Avenue, Rosebank, Johannesburg in order  
to consider and vote on the resolutions set out in the notice of general meeting
contained in the circular to shareholders dated 14 February 2003.  No matter was
before the meeting when it was adjourned.                                       
Shareholders will be advised as soon as possible of the directors"              
recommendations and will also be afforded the opportunity to withdraw their     
proxies if they so wish and to submit new proxies no later than 48 hours before 
the adjourned meeting.                                                          
Johannesburg                                                                    
12 March 2003                                                                   
Corporate adviser            Attorneys                                          
Questco Investments Pty      Cliffe Dekker Inc                                  
Limited                                                                         
                             Sponsor                                            
PWC Corporate Finance Pty                          
                             Limited                                            
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