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GRINTEK LIMITED - CAUTIONARY ANNOUNCEMENT                                       
  GRINTEK LIMITED                                                                 
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1955/000013/06)                                            
  Share code: GNK                                                                 
  ISIN: ZAE000003067                                                              
  ("Grintek" or "the company")                                                    
  CAUTIONARY ANNOUNCEMENT                                                         
  Investec Bank Limited is authorised to announce that Grintek has entered into   
  negotiations, which, if successfully concluded, may have a material effect on   
  the price at which the company"s securities trade on the JSE Securities Exchange
  South Africa. Accordingly, shareholders of the company are advised to exercise  
  caution when dealing in the company"s securities until a further announcement is
  made.                                                                           
  Centurion                                                                       
  18 November 2003                                                                
  Corporate advisor and Sponsor                                                   
  Investec Bank Limited                                                           
  Legal advisor                                                                   
  Edward Nathan & Friedland                                                       
  Date: 18/11/2003 09:50:28 AM Produced by the JSE SENS Department                
                                                                                  

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