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Mon 3 Nov 2003, 15:39 FURTHER CAUTIONARY ANNOUNCEMENT
FORIM HOLDINGS LIMITED / ALLIANCE PHARMACEUTICALS LIMITED - FURTHER CAUTIONARY  
ANNOUNCEMENT                                                                    
FORIM HOLDINGS LIMITED                  ALLIANCE PHARMACEUTICALS LIMITED        
(Incorporated in the Republic of South  (Incorporated in the Republic of        
Africa)                                 South Africa)                           
(Registration number 1986/004111/06)    (Registration number 1981/006145/06)    
Share Code: FOM                         Share code ALN    ISIN  ZAE000011110    
ISIN Number: ZAE000002689               Share code ACN    ISIN  ZAE000011847    
(collectively the "companies")                                                  
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the joint trading update and cautionary            
announcement published by the companies on SENS on 5 September 2003 and in the  
press on 6 September 2003.                                                      
Shareholders are advised that the negotiations referred to in that              
announcement are continuing. Accordingly, shareholders are advised to continue  
to exercise caution when dealing in the companies" securities until a further   
announcement is made.                                                           
3 November 2003                                                                 
Johannesburg                                                                    
Sponsor TO THE COMPANIES                                                        
SASFIN CORPORATE FINANCE                                                        
A DIVISION OF SASFIN BANK LIMITED                                               
Date: 03/11/2003 03:26:59 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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