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Mon 15 Sep 2003, 9:37 Gilboa - Suspension of Trading at Request of the D
Gilboa - Suspension of Trading at Request of the Directors                      
  GILBOA PROPERTIES LIMITED                                                       
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1986/004649/06)                                            
  ("Gilboa" or "the company")                                                     
  ISIN Code: ZAE 000010286                                                        
  Share code: GLB                                                                 
  SUSPENSION OF TRADING AT REQUEST OF THE DIRECTORS                               
  The company is in the process of preparing a circular to shareholders regarding 
  the disposal of Gilboa House, the acquisition of Stand 315 Waterkloof           
  (Proprietary) Limited and the acquisition of Absolute Tiles (Proprietary)       
  Limited as previously announced.                                                
  In order to comply with the disclosure requirements of the JSE Securities       
  Exchange South Africa ("JSE"), the circular to shareholders is accordingly being
  prepared and the directors of the company have requested the JSE to suspend the 
  trading of its securities in the best interests of shareholders until such time 
  as the circular to shareholders is finalised and distributed to shareholders.   
  A further announcement will be made to shareholders in due course.              
  Johannesburg                                                                    
  12 September 2003                                                               
  Sponsor                                                                         
  Arcay Group Limited                                                             
  Date: 15/09/2003 07:01:11 AM Produced by the JSE SENS Department
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