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Afrox Healthcare/afrox/bidco - Update As To Timing For The Competition Tribunal

Release Date: 13/05/2004 14:49:01      Code(s): AFX AHH
Afrox Healthcare/Afrox/Bidco - Update as to timing for the Competition Tribunal 
hearing                                                                         
Afrox Healthcare Limited     Business Venture Investments                       
(Incorporated in the         No. 790 (Proprietary)                              
Republic of South Africa)    Limited                                            
(Registration number:        (Incorporated in the                               
1985/001313/06)              Republic of South Africa)                          
Share code: AHH              (Registration number:                              
ISIN: ZAE000022059           2003/002733/07)                                    
("Ahealth")                  ("Bidco")                                          
African Oxygen Limited                                                          
(Incorporated in the                                                            
Republic of South Africa)                                                       
(Registration number                                                            
1927/000089/06)                                                                 
Share code: AFX                                                                 
ISIN: ZAE000030920                                                              
("Afrox")                                                                       
Joint announcement from Ahealth, Bidco and Afrox as to timing for the           
Competition Tribunal hearing                                                    
As announced on Tuesday 20 April 2004 by Afrox, the Competition Commission      
recommended, to the Competition Tribunal, that the merger of Bidco and Ahealth  
(the "merger") be approved subject to certain conditions.                       
Bidco comprises a BEE consortium and Medi-Clinic Corporation Limited. The BEE   
consortium comprises Brimstone Investment Corporation Limited, Mvelaphanda      
Strategic Investments (Proprietary) Limited, and broad based empowerment        
groupings.                                                                      
In terms of an order issued by the Competition Tribunal, the hearing of the     
merger by the Competition Tribunal is scheduled to take place over the week of  
19 - 23 July 2004. The approval by the Competition Tribunal is the only         
outstanding condition precedent for the acquisition by Bidco of all the shares  
in Ahealth.                                                                     
Johannesburg                                                                    
13 May 2004                                                                     
Sponsor to Afrox and Ahealth                                                    
Nedbank Capital                                                                 
Date: 13/05/2004 02:49:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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