Softline Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1977/002304/06)
("Softline")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement made on the 11 July 2001, Softline
advises that together with SVI Solutions, Inc ("SVI"), they have agreed to
terminate negotiations with Shmulik Stein International Investments, Ltd.
("SSII"). However, Softline remains in advanced negotiations with SVI and
their advisers, Jefferies & Company, Inc. (an internationally recognised
investment bank based in Los Angeles), to restructure and further reduce
Softline's investment in SVI.
Softline shareholders are accordingly advised to continue to exercise
caution when dealing in their shares until a further announcement is made.
Sandton
22 August 2001
Sponsor
Cazenove
Attorneys
FFRW Fluxman Rabinowitz
Raphaely Weiner
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