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Tiger Wheels Limited -                     
Tiger Wheels Limited                                                            
(Incorporated In The Republic Of South Africa)                                  
(Registration number: 1970/011662/06)                                          
Share Code: TIW     ISIN: ZAE000007407                                          
("TiWheel")                                                                     
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that TiWheel has entered into discussions which, if    
successfully concluded, may have a material effect on the price at which TiWheel
shares trade on the JSE Securities Exchange South Africa.                       
Accordingly, shareholders are advised to exercise caution when dealing in       
TiWheel shares until a further announcement is made.                            
Midrand                                                                         
7 August 2003                                                                   
Sponsor                                                                         
SASFIN CORPORATE FINANCE                                                        
A division of Sasfin Bank Limited                                               
Legal Advisor                                                                   
FLUXMANS ATTORNEYS                                                              
Date: 07/08/2003 12:02:08 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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