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SKJ - Sekunjalo Investments Limited - Sekunjalo Group announces the increased

Release Date: 30/01/2009 15:21
Code(s): SKJ
Wrap Text

SKJ - Sekunjalo Investments Limited - Sekunjalo Group announces the increased investment in the Group by ABSA Group Limited SEKUNJALO INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1996/006093/06) ISIN: ZAE000017893 Share Code: SKJ ("Sekunjalo" or "the Company") SEKUNJALO GROUP ANNOUNCES THE INCREASED INVESTMENT IN THE GROUP BY ABSA GROUP LIMITED Shareholders are referred to the announcement released on SENS on 29 January 2009 by Absa Group Limited regarding the acquisition of Sekunjalo shares from defaulting clients. The Sekunjalo Group, the Board of Directors and the executive Chairman, Dr M I Surve welcome the increased stake from our strategic partner, ABSA Group Limited. ABSA Group Limited are now a 26% shareholder in the group and this will strengthen the strategic relationship between Sekunjalo and Absa which began with an initial investment of 9% in Sekunjalo by Absa Corporate and Business Bank 18 months ago. In addition, Sekunjalo wishes to notify its shareholders that neither the Company nor any of its Directors were party to any defaulting position on the Single Stock Futures. Cape Town 30 January 2008 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30/01/2009 15:21:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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