CULLINAN HOLDINGS LIMITED - PROPOSED ACQUISITION OF AFRICAN TRAVEL (2003) INC.

CULLINAN HOLDINGS LIMITED - PROPOSED ACQUISITION OF AFRICAN TRAVEL (2003) INC.  
CULLINAN HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1902/001808/06)                                            
Share code: CUL   ISIN: ZAE000013710                                            
("Cullinan" or "the company")                                                   
PROPOSED ACQUISITION OF AFRICAN TRAVEL (2003) INC.                              
Shareholders are referred to the announcement published on 27 November 2003 and 
are advised that it has been decided not to proceed with this small acquisition 
because of technical difficulties related to the insolvency laws in the United  
States of America.                                                              
By order of the board                                                           
Johannesburg                                                                    
18 December 2003                                                                
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Ltd                                              
 (Registration number 1999/024792/07)                                           
Date: 18/12/2003 02:13:02 PM Supplied by www.sharenet.co.za                     
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