Reference is made to the announcement released earlier on SENS today in
particular paragraph 3.
Capital Alliance Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1952/000756/06)
Share code:CPT ISIN code: ZAE000011904
("Capital Alliance")
SHAREHOLDER UPDATE
1. Capital Alliance is on track with the integration of the individual life
business reinsured from Fedlife.
2. Approximately R62 million of IT costs should be reduced from the cost
base following the successful conversion, which is anticipated to be
completed by December 2002.
3. Furthermore there should be no undue asset concentration in the life
assets of Capital Alliance backing the reinsurance agreement with Fedlife.
Currently Capital Alliance holds 2.9% of Investec Holdings Limited shares
and 3.5% of Saambou Limited shares across all equity portfolios.
4. A copy of a presentation given to analysts is available on the Capital
Alliance Holdings website, at www.captall.co.za.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
