FE SQUARED HOLDINGS LIMITED
(Registration number 1998/025729/06)
("FE Squared" or "the Company")
ORDER FOR PROVISIONAL LIQUIDATION AND SUSPENSION OF LISTING
FE Squared was placed into provisional liquidation in the High Court of
South Africa (Witwatersrand Local Division) yesterday and the directors of
the Company have accordingly requested that trading in FE Squared's shares
on the JSE Securities Exchange South Africa be suspended with immediate
effect.
The Company and its advisers are actively seeking ways of avoiding a final
liquidation order and of restoring FE Squared to financial health.
Shareholders will be kept informed of developments.
SPARTAN
13 JUNE 2001
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