SASANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1955/000259/06)
("Sasani" or "the Company")
ANNOUNCEMENT
PricewaterhouseCoopers Corporate Finance (Pty) Ltd is authorised to announce
that following the announcement on 1 June 2001, "Issue of Shares for Cash
Under a General Authority", shareholders are advised that the issue of
6,577,550 new Sasani shares for cash at 54 cents per share to a public
shareholder has not been fully implemented, due to an unforeseen
circumstance. Accordingly, both parties have agreed to rescind the
transaction and to delist these shares with immediate effect.
The financial effects of this have not been reflected since the status quo
regarding the earnings per share, headline earnings per share and net asset
value will not change from those disclosed in the interim results to 31
December 2000.
Sandton
22 June 2001
Sponsor & Corporate Adviser
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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