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Thu 4 Dec 2003, 18:37 CAUTIONARY ANNOUNCEMENT
QUYN HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                                 
Quyn Holdings Limited                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/012245/06)                                            
(Share code: QUY ISIN code: ZAE000017257)                                       
("Quyn" or "the company")                                                       
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the directors of Quyn are in negotiations, which  
if concluded, may have an effect on the price at which the company"s securities 
trade on the JSE Securities Exchange South Africa. Shareholders are advised to  
exercise caution when dealing in their Quyn securities, until such time as a    
full announcement is made.                                                      
Johannesburg                                                                    
5 December 2003                                                                 
SPONSOR                                                                         
LPC Manhattan                                                                   
Date: 04/12/2003 05:33:02 PM 
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