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Fri 12 Sep 2003, 16:37 UPDATED CAUTIONARY ANNOUNCEMENT
Chemserve - UPDATED CAUTIONARY ANNOUNCEMENT REGARDING A FIRM OFFER MADE BY AECI 
  TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF CHEMSERVE                         
  Chemical Services Limited                                                       
  (Incorporated in the Republic of South Africa)                                 
  (Registration number 1967/003338/06)                                            
  Share code: CHE  ISIN: ZAE000009908                                             
  ("Chemserve" or "the Company)                                                   
   REGARDING A FIRM OFFER MADE BY AECI LIMITED TO  
  ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF CHEMSERVE                            
  Shareholders in Chemserve ("Shareholders") are referred to the cautionary       
  announcement dated 4 September 2003 and to the announcement published by AECI   
  Limited ("AECI") on 12 September 2003 and are advised that AECI has approached  
  the board of directors of Chemserve in connection with a firm offer made by AECI
  in terms of which it will acquire the entire issued share capital of Chemserve  
  which it does not already own ("the Offer").                                    
  Shareholders are advised to continue to exercise caution when dealing in the    
  Company"s shares until such time as a full announcement is made by the Company. 
  Bryanston                                                                       
  12 September 2003                                                               
  Corporate advisor and sponsor                                                   
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  Date: 12/09/2003 04:27:06 PM Produced by the JSE SENS Department                
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