CIRCULAR TO SHAREHOLDERS AND CAUTIONARY ANNOUNCEMENT
(Fashion Africa Limited)
(Incorporated in the Republic of South Africa)
(Reg No 1944/017149/06)
(`Fashaf' or `the company') (ISIN Code ZAE000016473)(ALFA Code FSH)
On 14 September 2001 it was announced that Fashaf would acquire the
Sportshoe World business from Moresport (Pty) Limited, a wholly owned
subsidiary of Vestacor Limited ("the announcement"). It was also stated in
the announcement that a circular regarding the acquisition would be
dispatched within 28 days of the announcement.
Subsequent to the announcement, Fashaf has entered into negotiations
relating to a further acquisition and recapitalisation of Fashaf.
The above negotiations, if successfully concluded, may have a material
effect on the price that the company's shares are currently trading at.
Accordingly, shareholders are advised to exercise caution when dealing in
the company's shares until a further announcement is made. This announcement
will be made shortly.
The JSE Securities Exchange South Africa has agreed to the company's request
to issue one circular incorporating all of the above transactions which will
be dispatched to shareholders on or about 7 December 2001.
Johannesburg
8 November 2001
PSG (Lead-sponsor)
Vestacor (Co-sponsor).
--------------------------------------------------------------------------------
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
