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Wed 9 Jun 2004, 13:48 COMPETITION TRIBUNAL UNCONDITIONALLY APPROVES LNM/
ISCOR LIMITED - COMPETITION TRIBUNAL UNCONDITIONALLY APPROVES LNM/ISCOR MERGER  
  Iscor Limited                                                                   
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1989/002164/06)                                            
  (Share code: ISC)                                                               
  (ISIN: ZAE000037453)                                                            
  (`Iscor`)                                                                       
  Competition Tribunal Unconditionally Approves LNM/Iscor Merger                  
  The Competition Tribunal has, on the 8th June 2004, unconditionally approved the
  larger merger transaction between LNM Holdings N.V. and Iscor Limited           
  The ruling will allow LNM Holdings N.V. to increase its` stake in Iscor from    
  49.9% to over 50%. LNM has previously committed to make a full offer to Iscor   
  minority shareholders should it breach the 60% shareholding level.              
  Pretoria                                                                        
  9 June 2004                                                                     
  Any queries please contact:                                                     
  Rowan Goeller                                                                   
  Manager, Investor Relations                                                     
  +27 12 352 2701                                                                 
  +27 83 667 7584                                                                 
  rowan.goeller@iscor.com                                                         
  Date: 09/06/2004 01:01:05 PM Produced by the JSE SENS Department
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