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Oakfields Thoroughbreds and Leisure Industries Limited                          
(Registration number 1983/013789/06)                                            
JSE Code OKF: ISIN ZAE000005138)                                                
("the company")                                                                 
UPDATE ON ACQUISITION OF DIAMOND LAND MINING (PTY) LTD ("DLM")                  
Further to the information contained in the announcement of the interim results 
dated 30 April 2003, LPC Manhattan Sponsors (Pty) Ltd is authorised to announce 
that the acquisition by the company of the shares in and loan accounts against  
DLM is proceeding and that a circular to shareholders is expected to be posted  
on Wednesday, 23 July 2003.                                                     
Hyde Park                                                                       
2 July 2003                                                                     
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Ltd

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