(Incorporated in the Republic of South Africa)
(Registration number 98/12653/06)
("Core" or "the company")
A number of recent press reports have appeared in relation to Core's
subsidiary, International Fairs and Exhibitions (Proprietary) Limited, with the
former Managing Director of the subsidiary, W. Striebeck, being quoted
extensively
The facts are as follows:
- Mr Striebeck tendered his resignation but prior to the end of his notice
period, Mr Striebeck was dismissed from his position pursuant to an enquiry
into the financial affairs of the subsidiary.
- Mr Striebeck is currently challenging his dismissal but the company is
confident that its actions were justified.
- The company is considering a number of further actions relating to its
enquiry, which may include possible criminal action, institution of action for
defamation and breach of contract, and any other action which may be justified.
- Mr Striebeck remains subject to a restraint of trade.
23 April 2001
Sandton.
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