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Avis Southern Africa Limited - Cautionary Announcement                          
AVIS SOUTHERN AFRICA LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number : 1967/010320/06)                                          
ISIN :  ZAE000013371                                                            
Share Code : AVS                                                                
("Avis")                                                                        
                                                       
Shareholders are advised that Avis has entered into discussions that, if        
successfully concluded, may have an effect on the price at which Avis shares    
trade.  Accordingly, shareholders are advised to exercise caution when dealing  
in Avis shares until a further announcement is made.                            
Johannesburg                                                                    
1 August 2003                                                                   
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK                                                              
A division of FirstRand Bank Limited                                            
CORPORATE FINANCE                                                               
Date: 01/08/2003 05:16:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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