22 October 2001
Kersaf Investments Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1967/007528/06)
("Kersaf")
Share code : KER
ISIN Code : ZAE 000003844
Announcement
Shareholders of Kersaf are advised as follows:
Sun International Hotels Limited ("SIHL") has instituted legal proceedings
against Kersaf and its subsidiaries, Royale Resorts Holdings Limited and Sun
International Management Limited, in the Supreme Court of New York.
On Friday 19 October 2001, Kersaf received an incomplete copy of a summons
issued by SIHL.
SIHL has resorted to the unfortunate tactic of seeking to embarrass Kersaf
by:
procuring the publication in the South African weekend press of one-sided
allegations contained in the summons; and
not affording Kersaf the opportunity of consulting with its advisors and
responding to the allegations made.
Kersaf is confident that it has sound and proper defences to the claims.
A further announcement will be made in due course.
Sandton
22 October 2001
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