McCARTHY RETAIL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1991/003245/06)
("McRETAIL")
RETAIL APPAREL GROUP LIMITED
(REGISTRATION NUMBER 1946/021937/06)
("RAG")
CAUTIONARY ANNOUNCEMENT
McRetail and RAG shareholders and debenture holders are advised that McRetail
is currently in advanced negotiations, the outcome of which will have a
significant impact on the capital structures and future prospects of both
McRetail and RAG ("the companies").
The directors of the companies are of the opinion that it is appropriate to
postpone the release of the interim results for the six months ended 31
December 2000 until the negotiations have been finalised. Detailed
announcements will be made at the same time as the interim results are
released.
Accordingly, McRetail and RAG shareholders and debenture holders are advised to
exercise caution when dealing in their securities until such detailed
announcements are made.
Durban
27 March 2001
Merchant Bank and Sponsor
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
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