BRAINWARE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006894/06)
Share code:BRW
ISIN: ZAE000018289
("Brainware")
Announcement regarding the:
* lifting of the suspension of trading in Brainware securities;
* de-listing of 190 716 090 Brainware ordinary shares; and
* transfer of Brainware's listing to the "Cash Companies" sector of the JSE
List.
1. Lifting of the suspension of trading in Brainware securities
The directors confirm that all the requirements pertaining to the lifting of
the suspension of trading in Brainware securities on the JSE Securities
Exchange South Africa ("the JSE") have been met and that the suspension will
be lifted by the JSE with effect from commencement of trading on Wednesday,
24 October 2001.
2. De-listing of 190 716 090 ordinary shares
Further to the announcement dated 11 September 2001, 190 716 090 Brainware
ordinary shares will be de-listed by the JSE on Wednesday, 24 October 2001.
3. Transfer of the listing to the "Cash Companies" sector of the JSE List
The JSE has approved the transfer of Brainware's listing to the "Cash
Companies" sector of the JSE List with effect from Wednesday, 24 October
2001.
Pretoria
19 October 2001
Corporate advisor and Sponsor
Quaestor Capital (Pty) Ltd
Registration Number 1991/007330/07
Independent advisor to Brainware shareholders
Bridge Capital Services (Pty) Limited
(Registration number 1998/016301/07)
(A sponsor registered with the
JSE Securities Exchange South Africa)
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