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CAUTIONARY ANNOUNCEMENT – UNBUNDLING

Shareholders are referred to the cautionaries of 21 and 28 APRIL 1999, regarding the proposed unbundling by HCI of its listed investments, it is proposed that the effective equity interest of HCI in SOFTLINE and UNIBANk be unbundled to HCI shareholders. Shareholders are advised that until such time as shareholder entitlements, financial effects and salient dates are announced, they should continue to exercise caution when dealing in their shares. CORPORATE ADVISER: METTLE. SPONSORING BROKERS: MERRILL LYNCH. JOINT ACCOUNTANTS: FISHER HOFFMAN SITHOLE, ARTHUR ANDERSEN. ATTORNEYS: EDWARD NATHAN & FRIEDLAND INC

Source: HCI