SOUTHERN AFRICAN INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1941/014601/06)
("SAIL" or "the Company")
Share code: SIL ISIN code: ZAE000013041
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Further to the further cautionary announcement dated 28 December 2001, SAIL
Capital (Pty) Ltd is authorised to announce that the West Indies Cricket
Board's ("WICB") consultation process, with its stakeholders, to establish a
commercial partnership with SAIL has taken considerably longer than
originally anticipated. This process is ongoing and will be completed by the
WICB Technical Committee, who will submit their report on the transaction,
where after the legal agreements will be completed.
The WICB has reaffirmed their commitment to the process, and accordingly,
the expiry date has been extended for a further four months. Both parties
are confident of a positive outcome.
Due to this delay in the process, SAIL hereby withdraws their cautionary
announcement, and will keep shareholders informed.
Cape Town
13 February 2002
Corporate Advisor Sponsor
SAIL Capital (Pty) Ltd BoE Securities (Pty) Ltd
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