Acquisition By Treacle Venture Partners ("treacle"
ERP.COM HOLDINGS LIMITED
On 31 October 2001, Treacle acquired a 14,8% interest in ERP.com Holdings
Limited for a consideration of R5,8 million. This coincided with the
appointment of Rudolf Pretorius, a partner in Treacle, to the ERP.com
Holdings Limited board of directors.
During the period 1 November 2001 to 8 November 2001 Treacle acquired a
further 331 900 shares on the market increasing Treacle's equity interest to
15%.
Treacle subscribes to the practice of good corporate governance and believes
that it is in the best interests of all stakeholders to inform the
investment community of its dealings in ERP.com securities.
Andreas Ritzlmayr
Company Secretary
ERP.com Holdings Limited
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