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Free State Developmt (FSDI)


Monday 03 July, 2000

Free State Developmt

Frthr re Cautionary Annoucmnt

Free State Dev & Invest Corp Ld
3 July 2000

Free State Development and Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/016931/06)

Further cautionary announcement

Further to the cautionary announcement dated 9 June 2000, Freddev shareholders
are advised that proposals are still under consideration which, if
successfully implemented, may have a material effect on the price of Freddev's
securities.  Accordingly, shareholders are advised to continue to exercise
caution when dealing in Freddev's securities until a further announcement is

3 July 2000


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