MTL/SFN/SFNP - Mercantile Bank Holdings Limited/Sasfin Holdings Limited -
MTL SFN SFNP
MTL SFN
MTL/SFN/SFNP - Mercantile Bank Holdings Limited/Sasfin Holdings Limited -
Termination of merger discussions
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
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")
TERMINATION OF MERGER DISCUSSIONS
Following several weeks of exploration, shareholders are advised that Mercantile
and Sasfin have agreed to terminate discussions regarding a proposed merger.
Accordingly, Sasfin shareholders are no longer required to exercise caution when
dealing in their Sasfin shares.
Mercantile will now resume their BEE discussions and Mercantile shareholders are
accordingly required to continue to exercise caution when dealing in their
Mercantile shares until a further announcement is made in this regard.
Johannesburg
30 July 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: 30/07/2010 11:46:01 Produced by the JSE SENS Department.
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