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Thu 23 Oct 2003, 17:16 FURTHER CAUTIONARY ANNOUNCEMENT
Southern Electricity Company Limited - Further Cautionary Announcement          
Southern Electricity Company Limited                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/006894/06)                                            
("Selco" or "the company")                                                      
Share Code: SLO                                                                 
ISIN Code: ZAE000041919                                                         
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 25 August 2003, shareholders are   
advised that negotiations are still in progress which, if successfully          
concluded, may have an effect on the price at which Selco"s shares trade on the 
JSE Securities Exchange South Africa.  Until such time as a detailed            
announcement is published, Selco shareholders are advised to continue exercising
caution when dealing in the company"s shares.                                   
Johannesburg                                                                    
23 October 2003                                                                 
Sponsor                                                                         
Bridge Capital Services (Pty) Limited                                           
Date: 23/10/2003 05:10:02 PM Supplied by www.sharenet.co.za                     
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