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Steers Holdings Limited                                                         
(Registration No. 1969/004875/06)                                               
Share Code: STE                                                                 
ISIN Code: ZAE000008330                                                         
("Steers" or "the company")                                                     
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Shareholders are advised that Steers, further to the cautionary announcements   
published on 28 March 2003 and 14 May 2003, is still involved in negotiations   
which, if successfully concluded, may have a material effect on the price of the
company"s shares. Shareholders are accordingly advised to continue to exercise  
caution when dealing in their shares until a further announcement is made.      
Midrand,                                                                        
7 July 2003                                                                     
Corporate Advisor and Sponsor                                                   
Javacapital

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