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Wed 21 May 2003, 17:29 Aquila - Update On Disposal Of Interest In Global
Aquila - Update on disposal of interest in Global Resorts SA (Pty) Limited and  
withdrawal of cautionary announcement                                           
Aquila Growth Limited                                                           
Incorporated in the Republic of South Africa                                    
(Registration number 1995/003158/06)                                            
Share code: AQL  ISIN: ZAE000013959                                             
("Aquila")                                                                      
Update on disposal of interest in Global Resorts SA (Pty) Limited and withdrawal
of cautionary announcement                                                      
Shareholders are referred to the detailed announcement dated 11 December 2002   
and the subsequent announcement dated 3 April 2003, relating to the conditional 
disposal of Aquila"s interest in Global Resorts SA (Pty) Limited ("the          
transaction").  Certain of the conditions precedent to the disposal have not    
been met and therefore the transaction has been terminated.  Shareholders are   
therefore no longer required to exercise caution when dealing in their Aquila   
shares on the JSE Securities Exchange South Africa.                             
Johannesburg                                                                    
21 May 2003                                                                     
Sponsor and independent advisor               Legal advisers                    
Bridge Capital Services (Pty) Limited         Peter Dawe & Associates           
Date: 21/05/2003 05:15:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                


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