("Thabex" or "the Company") Listed on The JSE - Code TBX
Registration No 1988/000763/06 Explore our website:www.thabex.com
E-mail:info@thabex.com
INTEREST PAYMENTS:15,3% REDEEMABLE NON-CONVERTIBLE DEBENTURES OF R1,00 EACH
("debentures") and 18% REDEEMABLE NON-CONVERTIBLE B-DEBENTURES OF R0,01 EACH
("B-debentures").
As in the case with all interest payment declarations to date, the interest
payments in respect of the debentures and B-debentures which have been issued
by Thabex are subject to payments received from Blue Springs Investments (Pty)
Ltd ("Blue Springs") as set out at the back of each debenture and B-debenture
certificate.
Debenture holders of the debenture and B-debenture issues are hereby notified
that Blue Springs has not funded the interest payment accounts for the
debentures and B-debentures.
The board of Thabex, in the interest of good corporate governance, has decided
not to make any future interest payment announcements until such time as the
full amount of interest due and payable by Blue Springs is received. This would
include the interest payments for the period,
1 January 2001 to 31 March 2001. Debenture holders will be informed as soon as
the outstanding payments are received.
By order of the board 6 March 2001
Sponsor
PSG Investment Bank Ltd
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