Southern African Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1941/014601/06)
(Share code: SIL ) (ISIN: ZAE000013041)
("SAIL" or "the Company")
RESULTS OF ANNUAL GENERAL MEETING
BoE Merchant Bank, a division of BoE Bank Limited, is authorised to announce
that, at the annual general meeting of shareholders of SAIL held on Monday,
6 May 2002, the requisite number of shareholders considered and passed the
ordinary resolution:
* That the entire authorised but un-issued share capital of the company be
and is hereby , as a general authority placed under the control of the
directors of the company until the company's next annual general meeting.
The shareholders considered and passed the following special resolutions
that:
* the Company and/or its subsidiaries be and are hereby authorised, to
acquire ordinary shares issued by the Company subject to the rules and
regulations of both the JSE Securities Exchange SA and the Luxemburg Stock
Exchange;
* the Company's name be changed from "Southern African Investments Limited"
to "SAIL Group Limited";
* the Articles of Association of the Company be amended in terms of Section
62 of the Act by inserting the following words after the word "deposited" in
article 60: "In such manner and form as the directors may approve"; and
* the Articles of Association of the Company be amended in terms of Section
62 of the Act by replacing the number of 10 (ten) by the number of 12
(twelve) in Article 63.
A circular regarding the intended name change of the Company will be posted
to shareholders in due course.
9 May 2002
Sponsor
BoE Securities (Pty) Ltd
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