| Thu 6 Dec 2007, 9:12 | | MRF - Merafe - Deutsche Bank Appointed As Depositary Bank For The American |
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MRF
MRF
MRF - Merafe - Deutsche Bank Appointed As Depositary Bank For The American
Depositary Receipt Program Of Merafe Resources Limited
Press Release
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share Code: MRF
ISIN: ZAE000060000
("Merafe")
PRESS RELEASE - DEUTSCHE BANK APPOINTED AS DEPOSITARY BANK FOR THE AMERICAN
DEPOSITARY RECEIPT PROGRAM OF MERAFE RESOURCES LIMITED
LONDON, December 5, 2007 - Deutsche Bank today announced its appointment as
depositary bank for the Level 1 American Depositary Receipt ADR) program of
Merafe Resources Limited (MERAFE).
MERAFE is a company listed on the JSE Limited which is committed to a strategy
of growth and diversification in the resources sector using its empowerment
credentials to access opportunities created by the change in the South African
mining legislation and Mining Charter.
Through its wholly owned subsidiary, Merafe Ferrochrome Mining (Pty) Limited, it
participates in 20.5% of the EBITDA of the Xstrata-Merafe Chrome Venture
(established in July 2004), the world`s largest ferrochrome producer measured by
global production.
Through Merafe Coal, its 50/50 joint venture with Sentula Mining Limited
(formerly Scharrig Mining Limited, established in June 2007), MERAFE is
maximizing the value of its existing coal resources while continuing to look for
further growth opportunities in the coal mining sector.*
Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank said, "We
are pleased to be appointed by MERAFE as depositary bank on its first ADR
offering. This appointment strengthens our position as a sought after leading
global depositary bank."
For further information, please call:
Deutsche Bank:
Oonagh Baerveldt +44 20 7547 1605
Press Office
John Gallagher +1 212 250 4516
Press Office
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable
private clients franchise. A leader in Germany and Europe, the bank is
continuously growing in North America, Asia and key emerging markets. With
77,920 employees in 75 countries, Deutsche Bank offers unparalleled financial
services throughout the world. The bank competes to be the leading global
provider of financial solutions for demanding clients creating exceptional value
for its shareholders and people.
www.db.com
Deutsche Bank`s Trust & Securities Services business, part of Global Transaction
Banking, is one of the leading providers of trustee, agent, depositary,
registrar, SPV management and related services for a wide range of debt
financings including bonds, medium term note and commercial paper programs,
asset backed and mortgage backed securities, collateralized debt obligations,
project financings, escrows and syndicated loans. It is also one of the leading
depositaries for American Depositary Receipts (ADRs) and Global Depositary
Receipts (GDRs), and, through a fully integrated network of specialist offices
worldwide, provides domestic custody services in 28 securities markets. This
announcement appears as a matter of record only. This announcement has been
approved and/or communicated by Deutsche Bank AG London.
*Source: www.meraferesources.co.za (December 2007)
The Depositary Receipts have been registered pursuant to the US Securities Act
of 1933 (the "Act"). The investment or investment service which is the subject
of this notice is not available to private customers as defined by the UK
Financial Services Authority. This notice has been approved and/or communicated
by Deutsche Bank AG London. The services described in this notice are provided
by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries
and/or affiliates in accordance with appropriate local registration and
regulation. Deutsche Bank is providing the attached notice strictly for
information purposes and makes no claims or statement, nor does it warrant or in
any way represent, as to the accuracy or completeness of the details contained
herein or therein. This announcement appears as a matter of record only. Neither
this announcement nor the information contained herein constitutes an offer or
solicitation by Deutsche Bank or any other issuer or entity for the purchase or
sale of any securities nor does it constitute a solicitation to any person in
any jurisdiction where solicitation would be unlawful. No part of this notice
may be copied or reproduced in any way without the prior written consent of
Deutsche Bank. Past results are not an indication of future performance.
Sandton
6 December 2007
Sponsor:
Deutsche Securities SA (Proprietary) Limited
Date: 06/12/2007 09:12:25 Produced by the JSE SENS Department.
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