Rrm Investment Holdings Limited - Progress With Ne
Cautionary Announcement
RRM Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004368/06)
Share code RRM ISIN ZAE000030078
("RRM" or "the company")
PROGRESS WITH NEGOTIATIONS AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 17 April 2002, shareholders are
informed that the negotiations which were the subject of the cautionary
announcement, are currently progressing well. After discussions with the
JSE Securities Exchange South Africa ("JSE") the JSE has agreed that trade
in the company' shares will not be suspended provided signed agreements, in
respect of the assets being acquired, are submitted to it by 30 May 2002.
RRM is making every effort to meet this requirement.
Until a further announcement is made later this month, shareholders are
advised to continue to exercise caution in dealing in the company's shares,
as the outcome of the negotiations might have a material effect on the price
at which RRM shares trade.
Sandton
2 May 2002
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
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