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Mon 17 Mar 2003, 9:37 Putco Limited - Further cautionary announcement
Putco Limited                                                                   
   (Incorporated in the Republic of South Africa)                               
(Registration number 1945/018672/06)                                         
   Share code: PTC   ISIN: ZAE000005716                                         
   ("the company")                                                              
Further cautionary announcement                                                 
The cautionary announcements dated 16 August 2002, 30 September 2002,        
11 November 2002, 23 December 2002 and 3 February 2003 respectively refer.      
Shareholders are advised that the company and the Carleo family, the current    
majority shareholders, are in negotiations with a Black Economic Empowerment    
consortium with a view to transforming Putco into a black-owned company. The    
negotiations, if successfully concluded, may have a material effect on the price
of the company"s securities.                                                    
   Accordingly, shareholders are advised to continue to exercise caution when   
dealing in the company"s securities until a full announcement is made.          
   Johannesburg                                                                 
   17 March 2003                                                                
Sponsor                                                                         
Ernst & Young Sponsors (Pty) Ltd                                              
  (Registration number 2000/031843/07)
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