iProp Holdings Limited
("iProp")
Registration Number 1968/001239/06
Share Code: IPR
ISIN : ZAE 000018867
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 28 August 2001, shareholders
are advised that the proposed transaction, as referred to in the aforesaid
cautionary is still in progress. In brief, the proposed transaction is one
in which iProp, together with JHI Real Estate Limited will promote the
flotation of a new company ("Listco"), to be listed in the Property Loan
Stock sector of the JSE Lists. Listco and/or its subsidiaries are in the
process of acquiring a substantially high quality property portfolio, which
will include a major portion of the investment property interests of iProp.
Any agreement by iProp or any of its subsidiaries, regarding the disposal of
properties to Listco, will be subject to the approval of shareholders of
iProp in a general meeting.
The proposed transaction, if successfully concluded, may have a material
effect on the price of iProp's securities. Accordingly, shareholders are
advised to continue to exercise caution when dealing in iProp's securities
until a full announcement is made.
15 October 2001
Johannesburg
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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