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Thu 21 Aug 2008, 8:54 TIW - Tiger Wheels Limited - Update to TIWHEEL shareholders
TIW
TIW                                                                             
TIW - Tiger Wheels Limited - Update to TIWHEEL shareholders                     
TIGER WHEELS LIMITED                                                            
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1970/011662/07)                                            
("TIWHEEL")                                                                     
SHARE CODE: TIW  ISIN NUMBER: ZAE000007407                                      
UPDATE TO TIWHEEL SHAREHOLDERS                                                  
Shareholders are referred to the announcement released on SENS on 14 July 2008  
wherein it was advised that Nedgroup Investments 102 Limited had served a Notice
of Motion to apply for the liquidation of Tiwheel, and that the matter had been 
set down for hearing at a later stage.                                          
The matter has now been heard and, accordingly, shareholders are advised that   
the High Court of SA, Transvaal Provisional Division, has granted provisional   
sequestration with a return date of 21 August 2008.                             
Further announcements will be made in due course to keep shareholders informed. 
This announcement is made voluntarily by the board of Tiwheel.                  
Johannesburg                                                                    
21 August 2008                                                                  
Sponsor                                                                         
Sasfin Capital                                                                  
Date: 21/08/2008 08:54:01 Produced by the JSE SENS Department.                  
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