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Thu 3 Apr 2003, 16:27 Further Cautionary Announcement
Alacrity -                    
ALACRITY FINANCIAL SERVICES LIMITED                                             
Registration number 1994/000078/06                                              
Share code: ALY                                                                 
ISIN code: ZAE000023966                                                         
("Alacrity" or "the company")                                                   
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the cautionary announcement dated 19 February 2003 
and are advised to continue to exercise caution when dealing in their Alacrity  
securities until a detailed announcement is made.                               
Johannesburg                                                                    
3 April 2003                                                                    
Corporate advisor and Sponsor                                                   
Quaestor Capital (Proprietary) Limited                                          


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