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Chemical Services Limited/aeci Limited - Result Of Scheme Meeting

Release Date: 24/11/2003 10:31:07      Code(s): AFE CHE
Chemical Services Limited/AECI Limited - Result of scheme meeting               
CHEMSERVE                           AECI                                        
Chemical Services Limited           AECI Limited                                
(Incorporated in the Republic of    (Incorporated in the Republic of            
South Africa)                       South Africa)                               
(Registration number:               (Registration number:                       
1967/003338/06)                     1924/002590/06)                             
Share code: CHE                     Share code: AFE                             
ISIN: ZAE000009908                  ISIN: ZAE000000220                          
("Chemserve")                       ("AECI")                                    
Result of scheme meeting held in regard to the scheme of arrangement in terms of
section 311 of the Companies Act (Act 61 of 1973), as amended, proposed by AECI 
between Chemserve and its shareholders, other than AECI ("the scheme")          
Shareholders are advised that the scheme was duly approved by the requisite     
majority of votes exercised by shareholders of Chemserve, other than AECI, as   
were present and entitled to vote, either in person or by proxy, at the scheme  
meeting held at 10:00 on Monday, 24 November 2003 at the registered office of   
Chemserve.                                                                      
Application to the High Court of South Africa (Witwatersrand Local              
Division)("the Court") for the sanctioning of the scheme will be made at 10:00, 
or so soon thereafter as the matter may be heard on Tuesday, 2 December 2003    
("Court hearing"). If the scheme is sanctioned by the Court, the only remaining 
condition precedent to which the scheme will be subject, will be the            
registration of the Order of Court sanctioning the scheme by the Registrar of   
Companies.  The Court is located at High Court Building, van Brandis Street,    
Johannesburg.                                                                   
Further announcement                                                            
An announcement regarding the outcome of the Court hearing and implications and 
matters pertinent thereto will be made on or about 3 December 2003.             
Johannesburg                                                                    
24 November 2003                                                                
Date: 24/11/2003 10:31:08 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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