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Fri 9 May 2003, 14:02 CAUTIONARY ANNOUNCEMENT
JIGSAW HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                               
JIGSAW HOLDINGS LIMITED                                                         
(Registration No:1987/00011/06)                                                 
("Jigsaw" OR "the company")                                                     
JSE CODE: JGS  -  ISIN CODE: ZAE000018370                                       
                                                 
Shareholders are referred to the cautionary announcement published in the press 
on 27 March 2003 and are advised that negotiations referred to therein are      
ongoing.                                                                        
Accordingly, shareholders are advised to continue exercising caution when       
dealing in their Jigsaw shares until a further announcement is made.            
Johannesburg                                                                    
9 May 2003                                                                      
Sponsor                                                                         
The Janus Corporation (Pty) Ltd                                                 


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