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Thu 24 Apr 2003, 16:16 Conafex - Withdrawal Of Consolidation Circular And
CONAFEX HOLDINGS SOCIETE ANONYME                                                
(Incorporated in Luxembourg - RC Luxembourg No. B 17789)                        
("Conafex" or "the company")                                                    
JSE CODE: CNX        ISIN: LU0011857306                                         
WITHDRAWAL OF CONSOLIDATION CIRCULAR AND CAUTIONARY ANNOUNCEMENT                
Shareholders are referred to the notice of consolidation of Conafex shares      
mailed to them on 14 April 2003 together with a form of surrender.              
The company wishes to inform shareholders that due to circumstances beyond their
control, the salient dates referred to in the aforementioned notice have been   
delayed.                                                                        
Shareholders are therefore requested not to act upon these dates but to wait    
until a revised announcement is released informing them of the new dates.       
Cautionary                                                                      
In view of the above, shareholders are advised to exercise caution when dealing 
in their shares on the JSE Securities Exchange South Africa.                    
 24 April 2003                                                                  
Johannesburg                                                                    
By order of the Board                                                           
Luxembourg Group Secretaries                                                    
CITY GROUP PLC                                                                  
Sponsor                                                                         
The Janus Corporation (Pty) Ltd                                                 

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