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Free State Developmt (FSDI)


Thursday 26 October, 2000

Free State Developmt

Further Cautionary

Free State Dev & Invest Corp Ld
26 October 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 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.

26 October 2000

Merchant bank
  Standard Corporate and Merchant Bank
  (A division of The Standard Bank of South Africa Limited)
  (Registration number 1962/000738/06)
  Deneys Reitz Attorneys Inc.
  Reg. No. 1984/003385/21


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