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Tue 10 Jun 2003, 17:18 MESSINA LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT
MESSINA LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                               
Messina Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/035912/06)                                            
Share code: MES                                                                 
ISIN: ZAE000004438                                                              
("Messina" or "the company")                                                    
Further cautionary announcement                                                 
Further to the cautionary announcements of the Company dated 6 December 2002, 21
January 2003, 6 March 2003, 13 March 2003 and 25 April 2003 regarding the       
restructuring of the Messina balance sheet, shareholders are advised that the   
board of directors of the company are still in the process of finalising the    
terms of the rights offer ("rights offer").                                     
Shareholders are therefore advised to continue exercising caution when dealing  
in their Messina shares until further details relating to the rights offer are  
announced.                                                                      
Rosebank                                                                        
9 June 2003                                                                     
Sponsor                                                                         
RAND MERCHANT BANK                                                              
A division of FirstRand Bank Limited                                            
Corporate Finance                                                               

                                                                                
                                                                                
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