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PPC/PORTHOLD - FURTHER CAUTIONARY ANNOUNCEMENT

Release Date: 13/06/2001 16:36
Code(s): POR PPC
Wrap Text
Pretoria Portland Cement Company Limited
(Registration number 1892/000667/06)
("PPC")
Portland Holdings Limited
(Registration number 83/46)
("Porthold")
FURTHER CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcements published to date, shareholders are advised that the proposed acquisition by PPC of 100% of the issued share capital of Porthold ("the acquisition") is still subject to certain conditions precedent. These include, inter alia, the formal approvals of various Zimbabwe regulatory authorities. In the event that such approvals are received, an announcement setting out the full terms and conditions of the acquisition, incorporating the financial effects thereof, will be published in the press. Accordingly, PPC and Porthold shareholders are advised to continue to exercise caution when dealing in their shares until a further announcement is made. Johannesburg and Harare 13 June 2001 Merchant bank to PPC: Standard Corporate and Merchant Bank Attorneys to PPC: Bowman Gilfillan Inc. Sponsor to PPC in South Africa: Cazenove Sponsoring broker to PPC in Zimbabwe: Sagit

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