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Psg Group - Cautionary Announcement 
Release Date: 17/07/2003 17:05:01      Code(s): PSG 
PSG Group - Cautionary Announcement                                             
PSG GROUP LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1970/008484/06)                                            
Share code:  PSG  ISIN:  ZAE000013017                                           
("PSG Group")                                                                   
CAUTIONARY ANNOUNCEMENT                                                         
PSG Group shareholders are advised that negotiations are taking place which, if 
successfully concluded, may have an effect on the PSG Group share price.        
PSG Group shareholders are accordingly advised to exercise caution when dealing 
in their shares until a further announcement is made.                           
17 July 2003                                                                    
Lead Sponsor                                                                    
PriceWaterhouseCoopers Corporate finance (Pty) Ltd                              
Registration number 1970/003711/07                                              
Joint Sponsor                                                                   
PSG Capital                                                                     
Registration number:  2002/017396/06                                            

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