MONEX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/010805/06)
("Monex" or "the Company")
TERMINATION OF THE AGREEMENT TO DISPOSE OF 14% OF
CENTURY CITY CENTRE LIMITED TO RICHWAY RETAIL PROPERTIES LIMITED
It was announced in the press on Friday, 22 December 2000 that agreement had
been reached in terms of which Monex would dispose of an effective 14% interest
in Century City Centre Limited ("CCCL") to Richway Retail Properties Limited
("Richway") ("the disposal"), subject to certain conditions precedent,
including that Richway procure the required funding for the disposal. Richway
has not been successful in raising the required funding and as a result the
disposal will not proceed. Monex will therefore retain its 33% interest in CCCL
instead of the 19% interest it would have held had the disposal been
implemented.
Cape Town
4 May 2001
Merchant bank
BOE Merchant Bank
A Division of BOE Bank Limited
Co. Reg. No. 1951/000847/06
Attorneys
Sonneberg Hoffmann & Galombik Inc.
(Registration number 1993/000565/21)
Sponsoring broker
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/012240/07
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