Absa Group Limited - Further Cautionary Announceme
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/003934/06)
Share code ASA ISIN ZAE000013389
("Absa")
Update regarding UniFer and further cautionary announcement
1. Shareholders are referred to the announcements on 15 January 2002 and 17
January 2002 as well as today's announcement by UniFer Holdings Limited
("UniFer") wherein UniFer shareholders are informed that:
- the process to determine and review the net asset value of UniFer at 31
January 2002 is well advanced, but the field work at the Lantern operation
in East London is taking longer than expected. Accordingly, the external
auditors (Ernst & Young) and independent auditors (Deloitte & Touche) who
have been tasked with the reviews require additional time to complete their
reports; and
- the JSE Securities Exchange South Africa, at the request of the UniFer
board, has agreed to extend the suspension of the listing of the UniFer
shares until further notice.
2. Shareholders are accordingly advised to continue to exercise caution when
dealing in Absa securities until a further more detailed announcement is
made.
Johannesburg
15 February 2002
Merchant bank to the transaction
ABSA CORPORATE AND MERCHANT BANK
Corporate Finance
(Registration number 1986/004794/06)
Sponsor to Absa
Merrill Lynch South Africa (Pty) Ltd
Registered sponsor and
Member of the JSE Securities Exchange South Africa
Registration number 1995/001805/07
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