FEDSURE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/012384/06)
("Fedsure")
Results of general meeting
A general meeting of Fedsure shareholders was held on Tuesday, 17 April 2001 to
consider ordinary resolutions relating to the disposal by Fedsure of its
financial services and insurance businesses to Investec Group Limited
("Investec") and the unbundling of Investec shares out of Fedsure by way of a
dividend in specie and a reduction of share premium ("the transactions").
All the resolutions tabled at the meeting were passed by the requisite
majorities and the transactions are now only conditional upon the approval of
various regulators including the South African Reserve Bank and the competition
authorities to the extent required.
A further announcement will be published in due course informing Fedsure
shareholders that the transactions have become unconditional or otherwise and
containing further details and dates relating to the unbundling.
Johannesburg
17 April 2001
Merchant bank
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Sponsor to the transactions
Investec Securities Limited
Member of the JSE
Registration No. 1972/008905/06
Merchant bank and independent adviser to Fedsure
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Attorneys
Werksmans Attorneys
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