Proper Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/001940/06)
(Share code: PRO)
(ISIN code: ZAE000027181)
("Proper" or "the company")
Profit warning
Proper shareholders are advised that due to further restructuring and
expansion, results for the six-month period ended 28 February 2002, will be
below that of the previous comparative period.
Management are confident that as expected, the earnings for the second six-
month period will be substantially higher than that achieved for the first
six-month period as well as for the previous financial year.
Details relating to the difference in profitability for the six-month period
ended 28 February 2002 will be provided when the interim results are
published in May 2002.
By order of the Board.
Bloemfontein
13 March 2002
Sponsor
KPMG Services (Proprietary) Limited
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