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AHEALTH/ BIDCO/ AFROX - JOINT ANNOUNCEMENT FROM AHEALTH, BIDCO AND AFROX AS TO

Release Date: 21/07/2004 14:29
Code(s): AFX AHH
Wrap Text

AHEALTH/ BIDCO/ AFROX - JOINT ANNOUNCEMENT FROM AHEALTH, BIDCO AND AFROX AS TO TIMING FOR THE COMPETITION TRIBUNAL HEARING Afrox Healthcare Limited Business Venture Investments (Incorporated in the No. 790 (Proprietary) Republic of South Africa) Limited (Registration number: (Incorporated in the 1985/001313/06) Republic of South Africa) Share code: AHH (Registration number: ISIN: ZAE000022059 2003/002733/07) ("Ahealth") ("Bidco") African Oxygen Limited (Incorporated in the Republic of South Africa) (Registration number 1927/000089/06) JSE Share code: AFX NSX Share code: AOX ISIN: ZAE000030920 ("Afrox") Joint announcement from Ahealth, Bidco and Afrox as to timing for the Competition Tribunal hearing As announced on Thursday 13 May 2004, the Competition Commission recommended, to the Competition Tribunal, that the merger of Bidco and Ahealth pursuant to which Bidco will acquire all of the shares in Ahealth (the "merger") be approved subject to certain conditions. Bidco comprises a BEE consortium (holding 75% of the shares of Bidco) and Medi- Clinic Corporation Limited. The BEE consortium comprises Brimstone Investment Corporation Limited, Mvelaphanda Strategic Investments (Proprietary) Limited, and broad based empowerment groupings. In terms of an order issued by the Competition Tribunal, the hearing of the merger by the Competition Tribunal is scheduled to take place for five days over the week of 19 - 23 July 2004. The Tribunal has held that the hearing will continue for the scheduled five days from 19-23 July 2004 and will again resume on 15 September 2004 and continue for a further period of 7 days, being 15, 16, 17, 20, 21, 22 and 23 September 2004. The approval by the Competition Tribunal is the only outstanding condition precedent for the acquisition by Bidco of all the shares in Ahealth. Johannesburg 21 July 2004 Sponsor to Afrox Barnard Jacobs and Mellet Sponsor to Ahealth Nedbank Capital Date: 21/07/2004 02:29:55 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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