MILLION AIR CHARTER LIMITED
(Registration number 1993/000092/06)
("Million Air" or "the Company")
Share Code: MLL ISIN Number:ZAE000017810
CAUTIONARY ANNOUNCEMENT
In the interim announcement published on 18 October 2001, shareholders were
advised that Million Air had increased its fleet of large aircraft through
the acquisition of a McDonnell Douglas DC9-32. The fleet has recently been
further increased by the acquisition of two more Mcdonnell Douglas DC9-32
("the acquisition"). These aircraft will be leased to a domestic scheduled
operator, 50 percent owned by the company.
The acquisition will in the interim be financed through the company's normal
banking facilities supported by facilities provided by the controlling
shareholders. In the first quarter of 2002 Million Air plans to hold a
rights offer to replace portion of the borrowings incurred to fund the
acquisition.
Shareholders are advised to exercise caution when dealing in the company's
securities until a further detailed announcement regarding the acquisition
and the rights offer is made.
Johannesburg
6 December 2001
Sponsor
SASFIN BANK LIMITED
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