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Zaptronix - Further Cautionary Announcement                                     
ZAPTRONIX LIMITED                                                               
(Registration number 1997/014928/06)                                            
("Zaptronix")                                                                   
(JSE Code: ZPT &  ZAE000015145)                                                 
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders of Zaptronix are referred to the cautionary announcement dated 28  
January 2003.  These discussions are still in progress.  Shareholders of        
Zaptronix are accordingly advised to exercise caution when dealing in their     
shares until a further announcement is made.                                    
Johannesburg                                                                    
25 March 2003                                                                   
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
(Registration number: 1999/024433/07)

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