DORBYL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1911/001510/06)
(Share code: DLV ISIN code: ZAE000002184)
("Dorbyl")
Delay in posting of circular to shareholders
1. Introduction
Dorbyl shareholders are referred to the announcement published in the
press on Wednesday, 20 March 2002 ("the first announcement") regarding
the disposal by Dorbyl and Dorbyl Marine (Proprietary) Limited, a wholly
owned subsidiary of Dorbyl, of their entire interest in the Dorbyl
group's Metals Trading division, subject to certain conditions
precedent.
2. Posting of circular to shareholders
Dorbyl shareholders are advised that the posting of the circular to
shareholders referred to in the first announcement, which was expected
to take place on or about 18 April 2002, has been delayed.
The delay is as a result of the JSE Securities Exchange South Africa
ruling that the financial figures of the Metals Trading division in
respect of the financial year ended 31 March 2002, need to be
audited and included in the proposed circular to Dorbyl shareholders.
It is anticipated that this process will be completed by no later than
Friday, 26 April 2002, and that the abovementioned circular will be
dispatched to Dorbyl shareholders on or about Friday, 3 May 2002.
Johannesburg
15 April 2002
Investment bank and sponsor
PSG INVESTMENT BANK
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