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Stanbic/Libhold/Liberty - Fulfilment of Conditions Precedent

Release Date: 26/04/2002 07:17
Code(s): LBH LGL SBK
Wrap Text

Standard Bank Liberty Holdings Liberty Group Limited Investment Corporation Limited Limited
(Incorporated in the (Incorporated in the (Incorporated in the
Republic of South Republic of South Republic of South
Africa) Africa) Africa)
(Registration number (Registration number (Registration number
1969/017128/06) 1968/002095/06) 1957/002788/06)
("Stanbic") ("Libhold") ("Liberty")
Share Code: SBC Share Code: LBH Share Code: LIBU
ISIN Code: ISIN Code: ISIN Code:
ZAE000014858 ZAE000004032 ZAE000024543 FULFILMENT OF CONDITIONS PRECEDENT IN RESPECT OF: the creation of STANLIB Limited; extension of bancassurance contract; and
entering into an agreement for Liberty to manage Standard Bank Financial Consultancy, (together "the transactions")
Standard Corporate and Merchant Bank and Deutsche Securities (SA) (Pty) Ltd are authorised to announce that, further to the announcement by Stanbic, Libhold and Liberty on 26 February 2002, all conditions precedent to the transactions have now been fulfilled and the transactions are being
implemented with a view to launching STANLIB Limited on or before 15 May 2002. Johannesburg 26 April 2002
Merchant bank and Financial adviser to
sponsor to Stanbic Liberty
Standard Corporate and Deutsche Securities (SA) Merchant Bank (Pty) Ltd
Legal adviser to Legal adviser to Liberty Stanbic
Bowman Gilfillan Werksmans Inc
Sponsor to Libhold Sponsor to Transaction
Liberty sponsor to
Liberty
Merrill Lynch Merrill Deutsche
Lynch Securities
(SA) (Pty)
Ltd

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