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TMT
TMT
TMT - Trematon Capital Investments - Acquisition of an interest in
Mazor Group Limited ("MAZOR") (Amendment)
Trematon Capital Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1997/008691/06
Share code: TMT
ISIN: ZAE000013991
("Trematon" or "the Company")
ACQUISITION OF AN INTEREST IN MAZOR GROUP LIMITED ("MAZOR")
* Introduction
The board of directors of Trematon is pleased to announce that Trematon
has purchased an equity interest of 49 % in a Black Economic Empowerment
company called Cloudberry Investments 18 (Proprietary) Limited
("Cloudberry") ("the acquisition"). Cloudberry is controlled by Abubaker
Varachhia who owns 51 % of the equity in the company. Cloudberry has in
turn purchased 18 million shares (an interest of 14.7%) in Mazor, which
was listed on the Alternative Exchange of the JSE Limited ("JSE") on 21
November 2007, from the founding shareholders of Mazor, Doba Judy Mazor
and Shlomo Mazor.
* Background and rationale for the investment
Mazor is a leading provider of structural steel and aluminium solutions
to the construction market. Mazor is a market leader in its field and
is well positioned to capitalize on future spending on infrastructure in
South Africa. The investment is expected to generate substantial long-
term capital profits for Trematon.
Shareholders wishing to obtain more information on Mazor are referred to
the abridged pre-listing statement released on SENS on 7 November 2007
and in the press on 8 November 2007.
* Purchase consideration
Trematon has acquired its interest in Cloudberry and thus in Mazor for a
total purchase price of R28.5 million, which was paid in cash.
Effective date
The effective date of the transaction was 21 November 2007
General
The acquisition will not have a significant effect on the earnings,
headline earnings, net asset value and tangible net asset value of the
company.
Cape Town
23 November 2007
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 23/11/2007 17:00:01 Produced by the JSE SENS Department.
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