1TM
1TM
ITM - 1time Holdings Limited - Updated Cautionary Announcement
1time Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/017536/06)
(JSE code: 1TM & ISIN: ZAE000102026)
("1time" or "the company")
UPDATED CAUTIONARY ANNOUNCEMENT
Shareholders are advised that 1time has entered into Heads of Agreement with
Safair (Pty) Limited in respect of the acquisition of a 60% interest in
Naturelink Aviation (Pty) Limited ("Naturelink").
Naturelink is based at Wonderboom Airport in Pretoria and has operations in a
number of African and Middle Eastern countries. It focuses on worldwide
contracts, ACMI (Aircraft, Crew, Maintenance and Insurance) leasing,
charters, aircraft sales and maintenance.
This transaction is consistent with 1time`s stated objective of expanding its
aviation presence in selected African markets and bolstering its presence in
the charter and aircraft maintenance market.
Shareholders are advised to continue exercising caution when dealing in the
company`s securities until a detailed agreement has been entered into and a
full announcement has been made.
14 November 2007
Johannesburg
Designated Advisor
Exchange Sponsors
Date: 14/11/2007 07:02:04 Produced by the JSE SENS Department.
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