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Renewal of Cautionary Announcement
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement dated 1 February 2018, which advised
that the Company has received a non-binding expression of interest (“EOI”), which could possibly
result in an offer being made to shareholders, and to the renewal of cautionary announcement
dated 15 March 2018, in which shareholders were advised that further non-binding EOIs have been
received by the Company.
Shareholders are advised that an Independent Board of directors has carefully considered the EOIs
received to date, and has concluded that the proposals contained in three of the four EOIs are not
capable of being implemented. The relevant parties have been advised accordingly. Discussions
regarding the remaining EOI are continuing, but do not, at present, represent a firm intention by the
interested party to make an offer in terms of the Companies Act, 2008. Shareholders should,
however, continue to exercise caution when dealing in their shares until further announcements in
this regard are made.
By order of the Board
Johannesburg
3 May 2018
Sponsor
Arbor Capital Sponsors Proprietary Limited
Date: 03/05/2018 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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