Iprop Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1968/001239/06
share code: IPR
ISIN code: ZAE 000018867
("iProp" or the "company")
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the terms announcement dated 14 December 2001
concerning the proposed disposal by iProp of a portion of its Investment
Property Portfolio to subsidiary companies of iFour Properties (Proprietary)
Limited ("iFour") a company which it is proposed will be converted to a
public company and listed on the JSE Securities Exchange South Africa ("the
JSE").
Shareholders are advised that as a result of interest rate volatility, which
caused a delay in fulfilling various conditions precedent, the transaction
is taking longer than anticipated to complete. Where necessary the dates for
the completion of certain conditions precedent have been extended.
The transaction has had to be amended and until such time as a further
announcement is made, shareholders are advised to exercise caution when
dealing in their iProp shares.
Johannesburg
6 March 2002
Corporate Advisor
Mettle
Attorneys
Prinsloo, Tindle and Andropoulos
Sponsor
PricewaterhouseCoopers (Pty) Ltd
Reporting A/C
PricewaterhouseCoopers Inc
Date: 07/03/2002 05:10:00 PM Produced by the JSE SENS Department
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