Gencor Limited - Cautionary Announcement12 Sep 2002
CAUTIONARY ANNOUNCEMENT                                        
GENCOR LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1895/001232/06)                                            
("Gencor" or "the Company")                                                     
Share Code: GMF     ISIN: ZAE000013066                                          
CAUTIONARY ANNOUNCEMENT                                                         
Gencor shareholders are referred to the announcement published on Monday, 24    
June 2002 wherein it was stated that it was the declared intention of the Gencor
board of directors ("the Gencor board") to distribute the ordinary shares held  
by the Company in Impala Platinum Holdings Limited ("Implats") ("the proposed   
unbundling"). As indicated in the announcement on 24 June 2002, the proposed    
unbundling could not be considered until the expiry of certain contractual      
undertakings given by the Company. These undertakings expired at the end of July
The Gencor board has therefore resolved, subject to the fulfilment of certain   
conditions precedent, to proceed with the unbundling. A detailed announcement in
this regard will follow on Monday, 16 September 2002. Accordingly, Gencor       
shareholders are advised to exercise caution when dealing in their shares in    
Gencor until the full announcement is made.                                     
12 September 2002                                                               
Merchant bank         Sponsor                Legal adviser                      
Investec Corporate    Investec Bank Limited   Webber Wentzel                    
Finance                                      Bowens                             
Date: 12/09/2002 09:20:04 AM Produced by the JSE SENS Department