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Wed 9 Jul 2003, 15:30 FURTHER CAUTIONARY ANNOUNCEMENT
Southern Electricity Company Limited - Further Cautionary Announcement          
Southern Electricity Company Limited                                            
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1997/006894/06)                                            
("SELCo")                                                                       
Share code SLO                                                                  
ISIN code ZAE000041919                                                          
                                         
Further to the cautionary announcement dated 28 May 2003, shareholders are      
advised that negotiations are still in progress, which, if successfully         
concluded, may have a material effect on the price of the company"s securities. 
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the company"s securities until a full announcement is made.          
By order of the Board                                                           
Pretoria                                                                        
9 July 2003                                                                     
TRANSACTION SPONSOR                                                             
Gensec Bank Limited                                                             
Date: 09/07/2003 02:56:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
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