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Mon 27 Oct 2003, 16:18 No Change Announcement, Disclaimer Of Audit Opinio
Corwil Investments Limited - 
Corwil Investments Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/000732/06)                                            
Share code: CRW  ISIN: ZAE000001806                                             
("Corwil" or "the company")                                                     
NO CHANGE ANNOUNCEMENT, DISCLAIMER OF AUDIT OPINION AND ANNUAL GENERAL MEETING  
Shareholders are referred to the "preliminary financial results in respect of   
the year ended 31 March 2003" announcement made on 30 June 2003. There have been
no changes to the results published in that announcement and those contained in 
the Annual Financial Statements posted to shareholders on 1 October 2003.       
Shareholders are reminded that the company"s auditors renewed their qualified   
report which also included a disclaimer on the financial statements as they were
not able to satisfy themselves as to the recoverability of the company"s        
investment in Willoughby"s Consolidated Plc. The company"s continued listing on 
the JSE Securities Exchange South Africa ("the JSE") is consequently being      
considered by the JSE. The company"s listing on the JSE SETS system will be     
annotated with a "Q" for the qualification and a  "D" for the disclaimer.       
Shareholders are also reminded that the Annual General Meeting of the company   
will be held at FHS House, 15 Girton Road, Parktown, Johannesburg on 31 October 
2003 at 11h00. The notice of the meeting was contained in the abovementioned    
Annual Financial Statements.                                                    
JOHANNESBURG                                                                    
27 October 2003                                                                 
SPONSOR                                                                         
Sasfin Bank Limited                                                             
Date: 27/10/2003 04:12:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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