ANS
ANS
ANS - Ansys Limited - Cautionary Announcement
ANSYS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/001222/06)
JSE Share code: ANS & ISIN: ZAE000097028
("Ansys" or the Company)
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Ansys has entered into a Heads of Agreement with
AR Process Projects (Pty) Limited ("Process Projects") in respect of the
acquisition of 100% of the shares in issue and loan accounts in Process Projects
from its existing shareholders.
Process Projects has a track record of more than 30 years in providing project
management services and engineering solutions to support the infrastructural
projects of its customers. The company operates in a wide range of industries
and sectors, such as the chemical, nuclear, renewable energy, mining, power,
fertilizer and pulp & paper industries.
Ansys specialises in the design and integration of monitoring and control
systems for the transport and defence sectors, and has provided an extensive
rail monitoring system for Transnet. The transaction will expand Ansys`
capabilities to provide services and state-of-the-art solutions for large scale
projects. The transaction is consistent with Ansys`s stated objective of
expanding its product range and customer base by including the energy, mining
and chemical related industrial sectors.
Shareholders are advised to exercise caution when dealing in the company`s
securities until a detailed agreement has been entered into and a full
announcement has been made.
30 October 2008
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 30/10/2008 12:00:03 Produced by the JSE SENS Department.
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