SAMRAND DEVELOPMENT HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1971/003132/06)
RESULTS OF GENERAL MEETING
1. Introduction
Pursuant to the cautionary announcement published in the press on 11 January
2001, shareholders are advised that the ordinary resolutions proposed at the
general meeting of shareholders of Samrand Development Holdings Limited held on
17 April 2001, were passed by the requisite majority of shareholders.
2. The ordinary resolution
(i) The ordinary resolutions relating to the disposal by Samrand Development
(Pty) Limited, a wholly-owned subsidiary of Samrand Development Holdings
Limited, of its investment of 40% (Forty percent) in the joint venture Samrand
Mitrajaya Development (Pty) Limited (Samitra) consisting of 400 Class B Shares
to Golden Paradise International Limited and
(ii) The sale of portions 251 and 252 (portion of portion 2) of the farm
Olievenhoutbosch No. 389, Registered Division JR, Province of Gauteng, to
Mitrajaya SA (Pty) Limited
were approved by the majority of shareholders present and eligible to vote at
the Shareholders' Meeting.
3. Conditions precedent
All conditions precedent imposed on this company relating to the disposals as
contained in 2 above have been met.
NB Egan
Company secretary
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