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Mon 20 Oct 2003, 13:18 FURTHER CAUTIONARY ANNOUNCEMENT
Tiger Wheels Limited - Further Cautionary Announcement                          
TIGER WHEELS LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1970/011662/07)                                            
("Tiwheel" or "the company")                                                    
Share Code: TIW          ISIN Number: ZAE000007407                              
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the cautionary announcement published on SENS on 7 
August 2003 and the further cautionary announcement incorporated in the audited 
group results for the year ended June 2003 published on SENS on 3 September     
2003.                                                                           
The company remains in discussions which, if successfully concluded, may have an
effect on the price at which Tiwheel shares trade on the JSE Securities Exchange
South Africa. Shareholders are therefore advised to continue to exercise caution
when dealing in their Tiwheel shares until a further announcement is made.      
Midrand                                                                         
20 October 2003                                                                 
Sponsor                                    Legal Advisor                        
SASFIN CORPORATE FINANCE                   FLUXMANS                             
A DIVISION OF SASFIN BANK LIMITED                                               
Date: 20/10/2003 12:36:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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