PARAMOUNT PROPERTY FUND LIMITED
(formerly Ovbel Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1945/019928/06)
Share code: PRA ISIN: ZAE000028577
("Paraprop" or the "company")
RESULT OF GENERAL MEETING
The directors of Paraprop are pleased to announce that the ordinary
resolutions tabled at the general meeting of shareholders held on 31 January
2002, authorising the company to acquire a portfolio of properties,
constituting the Midrand portfolio, were unanimously approved. The
conditions precedent relative to the acquisition of the Midrand portfolio
have all been met.
Cape Town
1 February 2002
Corporate adviser and sponsor Attorneys
Barnard Jacobs Mellet Corporate Finance Cliffe Dekker Fuller Moore Inc.
Reporting accountants and auditors Independent property valuers
Deloitte & Touche Mills Fitchet Magnus penny (Pty)
Limited
Fund and property managers
Spire Property Services
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