CAPESTAR GROWTH INVESTMENTS LTD
(Incorporated in the Republic of South Africa)
(Registration number 1951/004039/06)
("Capestar")
FURTHER CAUTIONARY ANNOUNCEMENT
On 21 June 2001 shareholders were advised that CapeStar was involved in
discussions regarding the disposal of its only remaining unrealised asset,
being Amalda Trading (Proprietary) Limited (trading as Peoples Furniture)
("Peoples Furniture"). Despite the depressed retail environment CapeStar's
Board of directors ("the Board") are continuing discussions surrounding the
disposal of Peoples Furniture in a manner which will maximise value for
shareholders.
The Board intends to make a final capital distribution to shareholders of
approximately 55 cents per share which, together with the interim
distribution of R2,05 per share paid on 3 August 2001, equates to R2,60 per
share as estimated by the Board in the interim results announcement, for the
six months ended 31 December 2001, dated 13 March 2001. Accordingly,
shareholders are advised to continue to exercise caution when dealing in
their shares on the JSE Securities Exchange South Africa until a further
announcement is made.
Cape Town
8 August 2001
Corporate advisor and sponsor
Brait
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