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Thu 4 Sep 2003, 17:18 FURTHER CAUTIONARY ANNOUNCEMENT
PUTCO LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                                 
PUTCO LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/018672/06)                                            
Share code: PTC                                                                 
ISIN:  ZAE000005716                                                             
("the company")                                                                 
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
The cautionary announcements, published in the press, dated 16 August 2002, 30  
September 2002, 11 November 2002, 23 December 2002, 3 February 2003, 17 March   
2003, 25 April 2003, 6 June 2003 and 18 July 2003 respectively refer.           
Shareholders are advised that the company and the Carleo family, the current    
majority shareholders, are in negotiations with a Black Economic Empowerment    
consortium with a view to transforming Putco into a black-owned company. The    
negotiations, if successfully concluded, may have a material effect on the price
of the company"s securities.                                                    
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in the company"s securities until a full announcement is made.          
Johannesburg                                                                    
5 September 2003                                                                
Sponsor                                                                         
Ernst & Young Sponsors (Pty) Ltd                                                
(Registration number 2000/031843/07)                                            
Date: 04/09/2003 05:15:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
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