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Tue 15 Jan 2002, 0:00 Wb Holdings Cautionary Announcement
WB HOLDINGS LIMITED
  (Incorporated in the Republic of South Africa)
  (Registration number 1988/000570/06)
  JSE code: WBH   ISIN: ZAE000007902
  ("WB Holdings")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that WB Holdings is involved in negotiations which,
if successfully concluded, may have an effect on the price at which WB
Holdings shares trade on the JSE Securities Exchange South Africa.
Accordingly, shareholders are advised to exercise caution when dealing in
their WB Holdings shares until a further announcement is made.
  Cape Town
  16 January 2002
Corporate Advisor and Sponsor
  Sasfin Bank Limited
  (Registration number 1951/002280/06)
Attorneys
  Sonneberg Hoffmann & Galombik
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