WINHOLD LIMITED - Announcement on Proposed Disposal of T and E Pipe Systems and Withdrawal of Cautionary

Announcement on Proposed Disposal of T and E Pipe Systems and Withdrawal of Cautionary

Winhold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1945/019679/06)
Share code WNH ISIN ZAE000033916
(“Winhold”)


ANNOUNCEMENT TO SHAREHOLDERS REGARDING THE PROPOSED DISPOSAL OF T & E
PIPE SYSTEMS (A DIVISION OF INMINS TRADING PROPRIETARY LIMITED, A 74.9% OWNED
SUBSIDIARY OF WINHOLD) (“Inmins Trading” and “T & E”) AND WITHDRAWAL OF
CAUTIONARY

1.        INTRODUCTION
          Further to the announcement dated 18 October 2012, shareholders are advised that the
          offer by Robor (Pty) Ltd to purchase Winhold’s interest in T and E has been withdrawn with
          immediate effect.

          Management is continuing to implement the turnaround strategy for this business unit.
          Winhold’s year end results will be published in the first half of December where more
          details of this plan will be articulated.

2.        WITHDRAWAL OF CAUTIONARY
          The further cautionary announcement dated 18 October 2012 is hereby withdrawn.

By order of the board.

Johannesburg
2 November 2012

Sponsor                                          Attorneys
Arcay Moela Sponsors                             Fluxmans

Auditors and Reporting Accountants
BDO South Africa Inc.

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