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Thu 27 Mar 2003, 15:53 Apexhi - Withdrawal Of Cautionary Announcement
ApexHi - Withdrawal Of Cautionary Announcement                                  
ApexHi Properties Limited                                                       
(Registration No. 1999/000238/06)                                               
Share Code: APA     ISIN Code: ZAE000033064                                     
Share Code: APB     ISIN Code: ZAE000033072                                     
("ApexHi")                                                                      
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Further to the cautionary announcements published on 6 February 2003 and 20     
March 2003 in terms of which ApexHi linked unitholders were advised that ApexHi 
was involved in negotiations to acquire the entire portfolio of Fairvest        
Property Holdings Limited ("Fairvest"), Corpcapital Corporate Finance is        
authorised to announce that such negotiations now relate to only a small portion
of the Fairvest property portfolio, and if successfully concluded, are not      
likely to have an impact on the price of ApexHi linked units.                   
ApexHi linked unitholders are accordingly no longer required to exercise caution
in dealing in their linked units.                                               
27 March 2003                                                                   
Rosebank                                                                        
Corporate Advisor and Sponsor                                                   
Corpcapital Corporate Finance                                                   
(a sponsor registered with the JSE Securities Exchange South Africa)            



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