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ISA Limited - Withdrawal of Cautionary Announcement

Release Date: 06/12/2005 14:19
Code(s): ISA
Wrap Text

ISA Limited - Withdrawal of Cautionary Announcement ISA HOLDINGS LIMITED (formerly Y3K GROUP LIMITED) ("ISA", "the company" or "the group") (Registration number: 1998/009608/06) JSE share code: ISA (formerly YHK) ISIN code: ZAE000067344 (formerly ZAE000017208) Withdrawal of cautionary announcement In accordance with the AltX Listings Requirements, shareholders are advised of the risks of investing in a company listed on AltX and are advised that the JSE does not guarantee the viability or the success of a company listed on AltX. In terms of JSE Listings requirements a Designated Adviser has to be retained by the company. The Designated Adviser is required to, inter alia, attend all board meetings held by the company to ensure that all JSE Listings Requirements and applicable regulations are complied with, approve the financial director of the company and guide the company in a competent, professional and impartial manner. If the company fails to retain a Designated Adviser it must make arrangements to appoint a new Designated Adviser within 10 business days, failing which the company faces suspension of trading of its securities. If a Designated Adviser is not appointed within 30 days of its suspension the company faces the termination of its listing without an offer to minorities. Shareholders are referred to the cautionary announcement dated 12 August 2005 and are advised that the anticipated BEE transaction has not materialised. The content referred to in the said cautionary announcement have therefore ceased to have any significant relevance or effect on the company. Caution is therefore no longer required to be exercised by shareholders when dealing in ISA securities. ISA remains committed to their transformation objectives and discussions with several potential BEE partners continue. Randburg 6 December 2005 Designated Advisor: River Group Date: 06/12/2005 02:19:58 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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