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Imperial Holdings Limited
(Registration number : 1946/021048/06)
("Imperial")
IMPERIAL OFFER FOR TOURVEST
Imperial wishes to advise that the conditions precedent, including  that  of
Competition  Commission  approval, relating to the proposed  acquisition  by
Imperial  of  a majority interest in Tourism Investment Corporation  Limited
have not yet been fulfilled.
Consequently,  the final closing date of the offer will be  extended  beyond
the expected final closing date of Friday 13, July 2001.
Imperial  will make an announcement as soon as the conditions  precedent  to
the offer have been fulfilled.
Ends

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