CARGO CARRIERS LIMITED - Update on Proposed Property Disposal by a Wholly-Owned Subsidiary and Cautionary Announcement

Update on Proposed Property Disposal by a Wholly-Owned Subsidiary and Cautionary Announcement

CARGO CARRIERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1959/003254/06)
Share code: CRG ISIN: ZAE000001764
("Cargo Carriers" or "the Company")


UPDATE ON THE PROPOSED PROPERTY DISPOSAL BY A WHOLLY-
OWNED SUBSIDARY OF CARGO CARRIERS AND CAUTIONARY
ANNOUNCEMENT


Shareholders are referred to the disposal of property announcement released on SENS
on 1 February 2013 and are advised that the suspensive conditions were not timeously
fulfilled, but that the parties are proceeding with negotiations. Shareholders are
accordingly advised to exercise caution when dealing in the company’s securities
until a further announcement is made.

Johannesburg
5 March 2013

Sponsors
Arcay Moela Sponsors (Pty) Ltd

Date: 05/03/2013 10:42:00 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.