MASSMART HOLDINGS LIMITED
(REGISTRATION NUMBER 1940/014066/06)
("MASSMART")
Cautionary Announcement
Shareholders are advised that Massmart has entered into negotiations with
Rebhold Limited ("Rebhold") with a view to acquiring certain of Rebhold's
Wholesale businesses. If successfully concluded, such a transaction may have an
impact on Massmart's share price.
It is not expected that the purchase consideration will be funded by an issue
of Massmart shares.
Shareholders are advised to exercise caution when dealing in Massmart's shares
until a full announcement is made.
Johannesburg
23 April 2001
Sponsor to Massmart
UBS Warburg Securities (South Africa) (Pty) Ltd
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