Stanbic/libhold/liberty - Fulfilment Of Conditions
Standard Bank Liberty Holdings Liberty Group Limited
Investment Corporation Limited
Limited
(Incorporated in the (Incorporated in the (Incorporated in the
Republic of South Republic of South Republic of South
Africa) Africa) Africa)
(Registration number (Registration number (Registration number
1969/017128/06) 1968/002095/06) 1957/002788/06)
("Stanbic") ("Libhold") ("Liberty")
Share Code: SBC Share Code: LBH Share Code: LIBU
ISIN Code: ISIN Code: ISIN Code:
ZAE000014858 ZAE000004032 ZAE000024543
FULFILMENT OF CONDITIONS PRECEDENT IN RESPECT OF:
the creation of STANLIB Limited;
extension of bancassurance contract; and
entering into an agreement for Liberty to manage Standard Bank
Financial Consultancy,
(together "the transactions")
Standard Corporate and Merchant Bank and Deutsche Securities (SA) (Pty) Ltd
are authorised to announce that, further to the announcement by Stanbic,
Libhold and Liberty on 26 February 2002, all conditions precedent to the
transactions have now been fulfilled and the transactions are being
implemented with a view to launching STANLIB Limited on or before 15 May
2002.
Johannesburg
26 April 2002
Merchant bank and Financial adviser to
sponsor to Stanbic Liberty
Standard Corporate and Deutsche Securities (SA)
Merchant Bank (Pty) Ltd
Legal adviser to Legal adviser to Liberty
Stanbic
Bowman Gilfillan Werksmans Inc
Sponsor to Libhold Sponsor to Transaction
Liberty sponsor to
Liberty
Merrill Lynch Merrill Deutsche
Lynch Securities
(SA) (Pty)
Ltd
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