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PPC - FURTHER CAUTIONARY ANNOUNCEMENT

Release Date: 08/03/2001 16:08
Code(s): PPC
Wrap Text
Pretoria Portland Cement Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1892/000667/06)
("PPC")
Further cautionary announcement

Further to the previous cautionary announcements dated 8 December 2000 and 25 January 2001, Standard Corporate and Merchant Bank is authorised to announce that PPC is in negotiations with Anglo American Corporation Zimbabwe Limited ("Anglo Zimbabwe") relating to the acquisition of the Portland Holdings Limited ("Porthold") shares under the control of Anglo Zimbabwe and its associated companies. Should the negotiations, which are now at an advanced stage, be successful and the necessary regulatory approvals be obtained, PPC may be obliged to extend a mandatory offer to the minority shareholders of Porthold to acquire their shares.
PPC shareholders are therefore advised to continue to exercise caution when dealing in their shares until an announcement setting out further details is made. Johannesburg 8 March 2001 Merchant bank to PPC Standard Corporate and Merchant Bank (A division of The Standard Bank of South Africa Limited) (Registration number 1962/000738/06) Attorneys to PPC BOWMAN GILFILLAN Inc. Reg.no. 1998/021409/21 Sponsor to PPC CAZENOVE & CO33

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