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Thu 20 Mar 2003, 14:21 Apexhi - Renewal Of Cautionary Announcement
Apexhi Properties Limited                                                       
   (Incorporated in the Republic of South Africa)                               
(Registration number 1999/000238/06)                                         
   Share code:APA    ISIN code:ZAE000033064                                     
   Share code:APB    ISIN code:ZAE000033072                                     
   ("Apexhi")                                                                   
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
   Further to the cautionary announcement published on 6 February 2003,         
Corpcapital Corporate Finance is authorised to announce that ApexHi is now in   
negotiations with the board of directors of Fairvest and accordingly that unit  
holders should continue to exercise caution in dealing in their ApexHi linked   
units until a further announcement is made.                                     
   20 March 2003                                                                
   Rosebank                                                                     
corporate advisor and Sponsor                                                   
  Corpcapital Corporate Finance                                                 
  a sponsor registered with the                                                 
  JSE Securities Exchange South Africa                                          
Legal Advisor                                                                   
  Corpcapital                                                                   
  Transaction Support
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