CYCAD FINANCIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/008637/06)
("Cycad")
RENAISSANCE RETAIL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006790/06)
("Renaissance")
JOINT CAUTIONARY ANNOUNCEMENT
Cycad and Renaissance advise that negotiations are in progress between them
relating to the acquisition by Cycad of Renaissance's shareholding in eCompany
Holdings Limited, which if successfully concluded, could affect the price of
their respective shares.
Accordingly, Cycad and Renaissance shareholders are advised to exercise caution
when dealing in their respective shares on the JSE Securities Exchange South
Africa until a further announcement is made.
Johannesburg
18 April 2001
Sponsor to Cycad Sponsor to Renaissance
DEUTSCHE SECURITIES Appleton / BOE
Corporate advisor to Cycad Corporate advisor to Renaissance
BJM Corporate Finance (Pty) Ltd Nucleus Corporate Finance (Pty) Ltd
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