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MASSMART HOLDINGS LIMITED - PRESS RELEASE

Release Date: 25/05/2001 08:05
Code(s): MSM
Wrap Text
UPDATE ON THE MAKRO WOODMEAD FIRE

Massmart Holdings Limited has today been advised by GAB Robins, the
appointed International Loss Adjuster, that both AIG Insurance Company (responsible for 55% of the loss) and Mutual & Federal Insurance Company (responsible for 45% of the loss) have formally admitted liability for the losses sustained by Makro following the fire on the 6th May 2001. 24th MAY 2001

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