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Wed 3 Sep 2003, 14:16 JOINT CAUTIONARY ANNOUNCEMENT
PSG GROUP LIMITED/ CAPITEC BANK HOLDINGS LIMITED - JOINT CAUTIONARY ANNOUNCEMENT
  PSG GROUP LIMITED                                                               
  (Registration number: 1970/008484/06)                                           
  Share code:  PSG:    ISIN: ZAE000013017                                        
  ("PSG Group")                                                                   
  CAPITEC BANK HOLDINGS LIMITED                                                   
  (Registration number: 1999/025903/06)                                           
  (Share code: CPI     ISIN: ZAE000035861)                                        
  ("Capitec")                                                                     
  JOINT CAUTIONARY ANNOUNCEMENT                                                   
  Shareholders are advised that PSG Group and Capitec are considering certain     
  transactions that may have an effect on the price at which the shares of the    
  respective companies trade on the JSE Securities Exchange South Africa.         
  Shareholders are accordingly further advised to exercise caution in dealing in  
  their shares until a further announcement is made.                              
  By order of the Boards                                                          
  Stellenbosch                                                                    
  3 September 2003                                                                
  Sponsor                                                                         
  PSG Capital                                                                     
  Date: 03/09/2003 01:11:28 PM Produced by the JSE SENS Department                
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