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Wed 16 Jul 2003, 12:16 Further Cautionary
Global Village Holdings Limited -                      
Announcement                                                                    
Global Village Holdings Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/017632/06)                                            
("Glovil" or "the company")                                                     
Share Code: GLL                                                                 
ISIN: ZAE000015426                                                              
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement published on SENS                        
on 29 May 2003 and in the press on 30 May 2003,                                 
shareholders are advised that the negotiations referred                         
to in that announcement are still continuing.  As these                         
negotiations, if successfully concluded, may have a                             
material effect on the price at which Glovil shares trade                       
on the JSE Securities Exchange South Africa, shareholders                       
are advised to continue to exercise caution when dealing                        
in the company"s securities until a further announcement                        
is made.                                                                        
Johannesburg                                                                    
16 July 2003                                                                    
Sponsor                                                                         
SASFIN CORPORATE FINANCE                                                        
A DIVISION OF SASFIN BANK LIMITED                                               
Date: 16/07/2003 12:08:33 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
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