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Mon 22 Dec 2003, 9:06 Further Cautionary Announcement
Medi-Clinic Corporation Limited - Further Cautionary Announcement               
  MEDI-CLINIC CORPORATION LIMITED                                                 
  (Incorporated in the Republic of South Africa)                                  
  Registration number: 1983/010725/06                                             
  Share code: MDC                                                                 
  ISIN: ZAE000004370                                                              
  ("Medi-Clinic")                                                                 
  FURTHER CAUTIONARY ANNOUNCEMENT                                                 
  Further to the cautionary announcement published on the Securities Exchange News
  Service on Monday, 17 November 2003, shareholders are advised that discussions  
  are still in progress regarding Medi-Clinic"s participation in Business Venture 
  Investments No. 790 (Proprietary) Limited ("Bidco") as well as the acquisition  
  of certain hospitals from Bidco. Accordingly, shareholders are advised to       
  continue to exercise caution when dealing in the company"s securities until a   
  further announcement is made.                                                   
  Stellenbosch                                                                    
  22 December 2003                                                                
  Financial adviser and transaction sponsor                                       
  Rothschild                                                                      
  Sponsor                                                                         
  Rand Merchant Bank, a division of FirstRand Bank Limited, Corporate Finance     
  Attorneys                                                                       
  Hofmeyr Herbstein & Gihwala Inc.                                                
  Date: 22/12/2003 09:00:04 AM Produced by the JSE SENS Department                
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