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Fri 11 Jul 2003, 15:21 CAUTIONARY ANNOUNCEMENT
Alacrity - CAUTIONARY ANNOUNCEMENT                                              
ALACRITY FINANCIAL SERVICES LIMITED                                             
Registration number 1994/000078/06                                              
Share code: ALY                                                                 
ISIN code: ZAE000023966                                                         
("Alacrity" or "the company")                                                   
                                                   
Quaestor Capital (Proprietary) Limited is authorised to announce that Alacrity  
has entered into negotiations which, if successfully concluded, may have a      
material effect on the price of the company"s securities. Shareholders are      
advised that these negotiations are not related to the developments stated in   
the cautionary announcement dated 27 June 2003.                                 
Shareholders are accordingly advised to exercise caution when dealing in their  
Alacrity securities until a full announcement is made.                          
Johannesburg                                                                    
11 July 2003                                                                    
Corporate Advisor and Sponsor                                                   
Quaestor Capital (Proprietary) Limited                                          
Date: 11/07/2003 02:58:50 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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