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Wed 28 May 2003, 17:50 Southern Electricity Company Limited - Cautionary
Southern Electricity Company Limited - Cautionary Announcement                  
Southern Electricity Company Limited                                            
   (Incorporated in the Republic of South Africa)                               
(Registration number 1997/006894/06)                                         
    Share code: SLO   ISIN: ZAE000041919                                        
   ("the company")                                                              
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the company has entered into negotiations,     
which if successfully concluded may have a material effect on the price of the  
company"s securities. Accordingly, shareholders are advised to exercise caution 
when dealing in the company"s securities until a full announcement is made.     
By order of the Board                                                           
   Pretoria                                                                     
   28 May 2003                                                                  
Transaction sponsor                                                             
Gensec Bank Limited                                                           
  (Reg No 1996/004744/06)                                                       
Date: 28/05/2003 05:42:13 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



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