Sekunjalo - Further Cautionary

Sekunjalo - Further Cautionary                                                  
SEKUNJALO INVESTMENTS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/006093/06)                                            
Share Code: SKJ  ISIN: ZAE000017893                                             
("Sekunjalo")                                                                   
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements published from 6 April 2001 to 30       
December 2002, shareholders are advised that the negotiations referred to in    
those announcements are continuing.                                             
As these negotiations may have an effect on the price at which Sekunjalo shares 
trade on the JSE Securities Exchange SA, shareholders are advised to continue to
exercise caution when dealing in their Sekunjalo shares until a further         
announcement is made.                                                           
Cape Town                                                                       
12 February 2003                                                                
Corporate advisor and sponsor                                                   
Sasfin Bank Limited                                                             
Attorneys                                                                       
Mallinicks Attorneys                                                            
Date: 12/02/2003 12:08:00 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department