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FURTHER CAUTIONARY ANNOUNCEMENT

FURTHER TO THE CAUTIONARY ANNOUNCEMENT PLACED IN THE PRESS ON 10 MARCH 1999, HCI SHAREHOLDERS ARE ADVISED THAT THE COMPANY INTENDS DISTRIBUTING CERTAIN OF ITS LISTED INVESTMENTS TO HCI SHAREHOLDERS. ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO CONTINUE EXERCISING CAUTION IN THEIR HCI SHARE DEALINGS UNTIL SUCH TIME AS FURTHER ANNOUNCEMENTS ARE MADE IN THIS REGARD.

Source: HCI