Prism Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/018949/06)
Share code: PIM
ISIN: ZAE000022257
("Prism")
Withdrawal of cautionary announcement
Further to the cautionary announcement dated 21 September 2001, in which it
was announced that Prism had signed a binding heads of agreement with a
Black Economic Empowerment ("BEE") group whereby, subject to respective
board, regulatory authority and such other approvals as may be necessary,
the BEE group would acquire a significant, non-controlling, shareholding in
Prism Payment Technologies (Proprietary) Limited, currently a wholly-owned
subsidiary of Prism which houses Prism's South African operations, Standard
Corporate and Merchant Bank is authorised to announce that the required
approvals were not obtained.
Prism remains highly committed to the introduction of a significant BEE
shareholder in its South African operations and will keep shareholders
informed of any developments in this regard.
Accordingly, Prism shareholders are advised that caution is no longer
required when dealing in their shares.
Johannesburg
2 October 2001
Merchant bank and sponsor to Prism
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
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