UPDATE ON THE MAKRO WOODMEAD FIRE
Massmart Holdings Limited has today been advised by GAB Robins, the
appointed International Loss Adjuster, that both AIG Insurance Company
(responsible for 55% of the loss) and Mutual & Federal Insurance Company
(responsible for 45% of the loss) have formally admitted liability for the
losses sustained by Makro following the fire on the 6th May 2001.
24th MAY 2001
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