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Aflease - Cautionary Announcement                                               
The Afrikander Lease Limited                                                    
(Incorporated in the Republic of South Africa)                                  
AFL (JSE) AFKDY (NASDAQ)                                                        
(Registration number 1921/006955/06)                                            
("Aflease")                                                                     
(ISIN Number : ZAE000000253  Share Code : AFL)                                  
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that Aflease has entered into negotiations, which if   
successfully concluded may have a material effect on the price of Aflease       
securities. Accordingly, shareholders are advised to exercise caution when      
dealing in Aflease securities until a further announcement is made.             
Johannesburg                                                                    
24 October 2003                                                                 
Investment bank and sponsor                                                     
Nedbank Corporate                                                               
Date: 24/10/2003 02:25:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department

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