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Thu 31 Jul 2003, 16:48 Further cautionary announcement
Relyant - Further Cautionary Announcement 
Release Date: 31/07/2003 16:36:52      Code(s): RLY 
Relyant - Further cautionary announcement                                       
Relyant Retail Limited                                                          
   (Incorporated in the Republic of South Africa)                               
(Registration number 1937/010108/06)                                         
   Share code: RLY    ISIN: ZAE000016457                                        
   ("Relyant" or "the company")                                                 
Further cautionary announcement                                                 
Shareholders are referred to the cautionary announcements dated 27 March     
2003, 8 May 2003 and 19 June 2003 respectively, and are hereby advised that the 
company is still involved in negotiations, which if successfully concluded, may 
have a material effect on the price at which Relyant"s shares trade on the JSE  
Securities Exchange South Africa.                                               
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in their Relyant shares until a further announcement is made.           
   31 July 2003                                                                 
Sponsor                                                                         
   Investec Bank Limited                                                        
  (Registration number 1969/004763/06)                                          
Date: 31/07/2003 04:36:54 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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