MTL SFN SFNP
MTL SFN
MTL/SFN/SFNP - Mercantile Bank Holdings Limited - Cautionary Announcement
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/000164/06)
Share code: MTL & ISIN: ZAE000064721
("Mercantile")
Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1987/002097/06)
Ordinary share code: SFN & ISIN: ZAE000006565
Preference share code: SFNP & ISIN: ZAE000060273
("Sasfin")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Mercantile and Sasfin have signed a non-binding
Memorandum of Understanding to enable them to explore the possibility of
concluding a proposed merger ("the Proposed Transaction"). If successfully
concluded, the Proposed Transaction would result in Caixa Geral de Depositos
S.A., the state owned Portuguese company which is the controlling shareholder of
Mercantile, becoming the controlling shareholder in the merged entity. The
Proposed Transaction may have a material effect on the price at which the shares
of both Mercantile and Sasfin trade. Accordingly, shareholders are advised to
exercise caution when dealing in their Mercantile and Sasfin shares until a
detailed announcement is made.
Johannesburg
26 May 2010
Sponsor to Mercantile: Bridge Capital Advisors (Proprietary) Limited
Lead Sponsor to Sasfin: KPMG Services (Proprietary) Limited
Joint Sponsor to Sasfin: Sasfin Capital (a division of Sasfin Bank Limited)
Legal Advisor to Mercantile: Bowman Gilfillan Attorneys
Legal Advisor to Sasfin: Edward Nathan Sonnenbergs Inc
Date: 26/05/2010 15:41:01 Produced by the JSE SENS Department.
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