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Omnia - Announcement To Shareholders

Release Date: 09/02/2001 16:57:04      Code(s): OMN
(Registered number 1967/03680/06)
Shareholders are referred to the announcement of 1 December 2000 in which they
were advised that "due to the seasonal nature of the group's earnings, the
group incurs large trading losses in the period January to March each year.
Accordingly, the 15 month financial year ending 31 March 2001 will incorporate
two traditionally loss-making January to March quarters."
Shareholders are advised that the profit of the group for the fifteen months
ended 31 March 2001 will be further reduced by approximately R30 million due to
substantial losses incurred by one of the group's African subsidiaries.
Management have taken the necessary steps to avoid a recurrence of these losses
9 February 2001
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
A sponsor registered with the JSE Securities Exchange South Africa
(Registration number 1970/003711/07)

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