Whetstone Industrial Holdings Limited
(Registration number 1997/000740/06)
("Whetstone" or "the Company")
WHETSTONE BOARD RESIGNS
The existing board of Whetstone, consisting of Messrs KC Shubane, P Willig,
D Benning and C Delport, have resigned with immediate effect ahead of the
general meeting of shareholders to be held at 14h00 this afternoon.
The retiring board advises shareholders in the Company that there is an
application for the liquidation of Whetstone currently before the Cape High
Court and it is the intention of the retiring board to assist the duly
appointed liquidator (should one be appointed in due course) to enquire into
the affairs of the Company ab initio.
Cape Town
12 June 2001
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