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Mon 19 Jan 2004, 12:57 Withdrawal of Cautionary Announcement
GLODINA HOLDINGS LIMITED - WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                
GLODINA HOLDINGS LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/004150/06)                                            
("Glodina" or "the Company")                                                    
Share code: GDA                                                                 
ISIN code:  ZAE000040002                                                        
Withdrawal of Cautionary Announcement                                           
Further to the cautionary announcement dated 12 December 2003 whereby           
shareholders were advised that negotiations were taking place with Daun & Cie AG
("the Daun Group") regarding the potential listing of certain of the Daun       
Group"s investments through Glodina.  These negotiations have been terminated   
but might be resumed later in the year.                                         
Shareholders are therefore advised that caution is no longer required when      
dealing in their Glodina shares and the cautionary announcement is hereby       
withdrawn.                                                                      
Hammarsdale                                                                     
19 January 2004                                                                 
Transaction Sponsor                                                             
PSG Capital                                                                     
Date: 19/01/2004 12:56:01 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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