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Thu 24 Apr 2003, 18:19 Putco Ltd - Further Cautionary Announcement
Putco Ltd - Further Cautionary Announcement                                     
PUTCO LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/018672/06)                                            
Share code: PTC   ISIN:  ZAE000005716                                           
("the company")                                                                 
Further cautionary announcement                                                 
The cautionary announcements, published in the press, dated 16 August 2002, 30  
September 2002, 11 November 2002, 23 December 2002, 3 February 2003 and 17 March
respectively refer. Shareholders are advised that the company and the Carleo    
family, the current majority shareholders, are in negotiations with a Black     
Economic Empowerment consortium with a view to transforming Putco into a black- 
owned company. The negotiations, if successfully concluded, may have a material 
effect on the price of the company"s securities.                                
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in the company"s securities until a full announcement is made.          
Johannesburg                                                                    
24 April 2003                                                                   
Sponsor                                                                         
Ernst & Young Sponsors (Pty) Ltd                                                
(Registration number 2000/031843/07)                                            



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