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Tue 21 Oct 2003, 17:15 CAUTIONARY ANNOUNCEMENT
PRISM HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                                
PRISM HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/018949/06)                                            
Share code: PIM                                                                 
ISIN: ZAE000022257                                                              
("Prism" or "the Company")                                                      
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the Company has entered into negotiations which,  
if successfully concluded, may have a material effect on the price of the       
Company"s shares on the JSE Securities Exchange South Africa.  Accordingly,     
shareholders are advised to exercise caution when dealing in Prism shares until 
a further announcement is made in this regard.                                  
Fourways                                                                        
21 October 2003                                                                 
Sponsor                                                                         
Standard Corporate and Merchant Bank                                            
(A division of The Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 21/10/2003 05:13:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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