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Free State Developmt (FSDI)

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Tuesday 19 September, 2000

Free State Developmt

Further Cautionary

Free State Dev & Invest Corp Ld
19 September 2000


                          FREE STATE DEVELOPMENT AND                          
                        INVESTMENT CORPORATION LIMITED                        
                (Incorporated in the Republic of South Africa)                
                     (Registration number 1944/016931/06)                     
                              ('Freddev')                                 


                       FURTHER CAUTIONARY ANNOUNCEMENT                        


Further to the previous cautionary announcements, 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 made.


                                                                                
              

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