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TIGER WHEELS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                          
TIGER WHEELS LIMITED                                                            
REGISTRATION NO. 1970/0011662/06                                                
(Incorporated in the Republic of South Africa)                                  
SHARE CODE: TIW                                                                 
ISIN CODE: ZAE000007407                                                         
("TIWHEEL")                                                                     
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the further cautionary announcement published on 19
November 2003 regarding the proposed disposal of the group"s OEM wheel          
manufacturing business, which continue under protracted negotiations.           
Shareholders are advised to continue to exercise caution in dealing in their    
Tiwheel shares pending a more definitive announcement in due course.            
Midrand                                                                         
29 December 2003                                                                
Sponsor:                                                                        
SASFIN CORPORATE FINANCE                                                        
A division of Sasfin Bank Limited                                               
Date: 29/12/2003 11:20:02 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department

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