ISCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/002164/06)
Share code: ISC ISIN: ZAE000022729
("Iscor")
LNM HOLDINGS N.V.
Member of THE LNM GROUP
(Incorporated in the Netherlands Antilles)
(Registration number 03335595)
("LNM")
Results of General Meeting
Further to the announcement published on 23 November 2001 regarding the
conclusion of a Business Assistance Agreement between Iscor and LNM (the
"BAA"), the Board of Directors of Iscor is pleased to announce that at the
general meeting of Iscor shareholders held on Tuesday, 15 January 2002, the
ordinary and special resolutions necessary to approve, ratify and implement
the BAA were approved by the Iscor shareholders.
As LNM has acquired in excess of 10% of the issued share capital of Iscor,
all of the remaining conditions precedent to which the BAA is subject have
been fulfilled and, accordingly, the BAA is of full force and effect.
Pretoria
15 January 2002
Sponsor to Iscor
JP Morgan
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