SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/011249/06)
Ordinary shares
Share code:SER ISIN: ZAE000029815
"N"-ordinary shares
Share code:SERN ISIN: ZAE000013926
("Seardel")
Results of General Meeting
At the general meeting of Seardel shareholders held on Thursday, 4 October
2001, the requisite majority of shareholders approved the resolutions
granting an option ("the option") to acquire 26 783 571 "N" ordinary shares
in Seardel to a consortium comprising SACTWU Investment Group, Millennium
Consolidated Investments (Pty) Limited (represented by Mr Cyril Ramaphosa)
and Corpcapital Investments (Pty) Limited.
All conditions relating to the option have now been fulfilled.
Cyril Ramaphosa and Neil Lazarus have been nominated for appointment to
the Seardel board.
Cape Town
5 October 2001
Sponsor
Corpcapital Corporate Finance
Corporate advisor to seardel
ACF
Ansdale Management Services (Pty) Ltd
trading as Ansdale Corporate Finance
(Registration number 1995/003429/07)
Corporate advisor to the consortium
Corpcapital Corporate Finance
Attorneys to Seardel
Sonneberg Hoffmann & Galombik Inc.
(Registration number 1993/000565/21)
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