Nedcor Limited / Nedcor Investment Bank Holdings L
NEDCOR LIMITED / NEDCOR INVESTMENT BANK HOLDINGS LTD - FURTHER CAUTIONARY
ANNOUNCEMENT
CAUTIONARY ANNOUNCEMENT
relating to
THE ACQUISITION OF NEDCOR INVESTMENT BANK HOLDINGS LIMITED MINORITY
SHAREHOLDERS` INTERESTS
Nedcor Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/010630/06)
Share Code: NED ISIN: ZAE000004875
("Nedcor")
Nedcor Investment Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1963/003972/06)
Share Code: NIB ISIN: ZAE000019030
("NIB")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders of Nedcor and NIB ("shareholders") are referred to
announcements dated 22 April 2002 and 28 May 2002 wherein shareholders were
advised that the board of directors of Nedcor was considering the
possibility of proposing a transaction in terms of which Nedcor would
acquire the issued share capital of NIB not already owned by Nedcor.
Subject to the Cape of Good Hope Division of the High Court sanctioning the
scheme of arrangement ("scheme of arrangement") in terms of section 311 of
the Companies Act, No 61 of 1973, as amended, proposed by Nedcor between BoE
Limited and its shareholders (the "BoE Scheme"), the Order of Court being
registered by the Registrar of Companies and the BoE Scheme becoming
unconditional, the board of directors of Nedcor has resolved that a company
within the Nedcor Group will propose a scheme of arrangement between NIB and
its shareholders other than Nedcor (the "NIB Scheme"). A sub-committee of
independent directors of NIB`s board has been appointed to consider the
terms of the NIB Scheme, as and when they are notified to NIB, and such sub-
committee has in turn appointed Deutsche Securities (SA) (Pty) Limited as
independent financial adviser to NIB.
Shareholders are accordingly advised to continue to exercise caution when
dealing in their shares until a further announcement is made.
Johannesburg
26 June 2002
Investment bank and Corporate law advisers and Joint sponsor
sponsor to Nedcor consultants to Nedcor and NIB to Nedcor and
and NIB NIB
Nedcor Investment Edward Nathan & Friedland Merrill Lynch
Bank
Independent financial adviser to
NIB
Deutsche Securities (SA) (Pty)
Limited
Date: 26/06/2002 05:49:00 PM Produced by the SENS Department
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