Paracon Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/008181/06)
("Paracon")
RESULTS OF COMBINED GENERAL MEETING
Nedcor Investment Bank Limited is authorised to announce that, further to
the announcement published in the press on 26 July 2001 and the circular to
shareholders dated 17 August 2001, all special and ordinary resolutions were
unanimously passed at the combined general meeting of ordinary shareholders
and the preference shareholder of Paracon held on 12 September 2001, thereby
granting Paracon specific authority to repurchase 60 035 042 shares at 65
cents per share from LogicalOptions (Proprietary) Limited (previously named
Cardinalis Investments (Proprietary) Limited) ("the specific repurchase").
The applicable special resolutions will be lodged with the Registrar of
Companies for registration in due course.
Implementation of the specific repurchase remains subject to approval of the
South African Reserve Bank.
Johannesburg
13 September 2001
Investment bank and sponsor to the specific repurchase Attorneys
NEDCOR Investment Bank Werksmans
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