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Tourism Investment Corporation Limited - Cautionary Announcement                
Tourism Investment Corporation Limited                                          
Registration no. 1996/008144/06                                                 
Share code: TRT                                                                 
ISIN: ZAE000012472                                                              
("Tourvest" or "the company")                                                   
Cautionary Announcement                                                         
Shareholders are advised that Tourvest has entered into negotiations with Sure  
Holdings Limited which if successfully concluded may have a material effect on  
the price of Tourvest securities. Accordingly shareholders are advised to       
exercise caution when dealing in the company"s securities until a further       
announcement is made.                                                           
Johannesburg                                                                    
9 December 2003                                                                 
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 09/12/2003 01:55:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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