Furnex Capital Limited
(Incorporated in the Republic of South Africa)
(Registration number 1945/08543/07)
("Furnex" or "the company"")
Share code: FRC
ISIN: ZAE 000022778
Results of general meeting
Investec Bank Limited is authorised to announce that the ordinary and
special resolutions necessary to implement:
- the disposal of the shares in and shareholders' claims on loan account
against Furnex Consumer Credit (Pty) Limited to BoE Bank Limited;
- the disposal of the business of Furnex Stores (Pty) Limited and the shares
in and shareholders' claims on loan account against Furnex Dealers Indemnity
(Pty) Limited to Massmart Holdings Limited;
- the disposal of the businesses of Eland Finance and Brixton Finance to
Unitrade 488 (Pty) Ltd;
- the delisting of Furnex from the JSE Securities Exchange South Africa;
- the change of name;
- a members' voluntary winding up of Furnex; and
- the proposed distributions to shareholders in anticipation of the members'
voluntary winding up of Furnex ("the transactions")
were passed unanimously by the Furnex shareholders at the general meeting of
Furnex shareholders held on Friday, 8 February 2002. A further announcement
will be made to shareholders once the final conditions precedent to the
transactions have been fulfilled.
Johannesburg
11 February 2002
Merchant Bank
Investec bank
Sponsor
Investec Securities
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