The York Timber Organisation Limited Further Cautionary Announcement
The York Timber Organisation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
Share code YRK ISIN ZAE000008108
("Yorkcor" or "the group")
Further Cautionary Announcement
Shareholders are referred to Yorkcor`s further cautionary announcement dated
3 April 2002 regarding the termination on 31 December 2006 of the
`evergreen` supply contract for sawlogs to the group`s York Lumber sawmill
near Bushbuckridge.
The experts appointed by the Department of Water Affairs and Forestry to
facilitate a negotiated quantification of Yorkcor`s claim are still engaged
in the process. Should there be no agreement by 30 June 2002, the
quantification of the compensation will be referred to arbitration in terms
of the contract
Shareholders are advised to continue exercising caution in dealing their
shares until a further announcement is made.
PRETORIA
16 May 2002
SPONSOR
SASFIN BANK LIMITED
(Registration number 1951/002280/06)
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