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Wed 3 Sep 2003, 14:30 Cautionary announcement
GLENRAND M.I.B LIMITED - CAUTIONARY ANNOUNCEMENT                                
Glenrand M.I.B Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008001/06)                                            
(JSE code: GMB   ISIN: ZAE000018529)                                            
("Glenrand M.I.B" or "the company")                                             
                                                    
Shareholders are advised that Glenrand M.I.B is in discussions regarding its    
equity interest in Protector Group Holdings (Proprietary) Limited, the full     
impact of which may have a material effect on the price of the company"s shares.
Shareholders are accordingly advised to exercise caution when dealing in the    
company"s shares until a full announcement is made.                             
Johannesburg                                                                    
3 September 2003                                                                
Investment bank and sponsor                                                     
Nedbank Corporate                                                               
Date: 03/09/2003 01:06:26 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
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