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Wed 3 Dec 2003, 8:56 Cautionary Announcement
Hudaco Industries Limited - Cautionary Announcement                             
Hudaco Industries Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1985/004617/06)                                            
("the company")                                                                 
(ISIN Number: ZAE000003273         JSE Share Code: HDC)                         
CAUTIONARY ANNOUNCEMENT                                                         
Further to the cautionary announcement dated 22 October 2003, shareholders are  
advised that negotiations are still in progress, which, if successfully         
concluded, may have a material effect on the price of the company"s securities. 
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the company"s securities until a full announcement is made.          
Johannesburg                                                                    
3 December 2003                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 03/12/2003 08:39:47 AM Supplied by www.sharenet.co.za                     
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