Southern African Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1941/014601/06)
("SAIL" or "the Company")
Cautionary announcement
Sail Capital is authorised to announce that SAIL is currently involved in
discussions with the West Indies Cricket Board Inc. ("WICB") in pursuance of
a commercial partnership in line with SAIL's strategy of expanding into
international sports brands. These discussions, if successfully concluded,
may have a material effect on the price at which shares in SAIL trade on the
JSE Securities Exchange South Africa and the Luxembourg Stock Exchange.
The target date for the conclusion of the proposed transaction is 1 October
2001. The proposed transaction would be subject to, inter alia, the
approval of the Exchange Control Department of the South African Reserve
Bank and a comprehensive due diligence investigation.
Accordingly, shareholders are advised to exercise caution when dealing in
SAIL shares until a further announcement is made.
Cape Town
27 July 2001
Corporate Advisor Sponsor
Sail Capital BoE Securities
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