Union - Announcement
UNION MINES LIMITED
(Registration number 1949/032935/06)
Share Code UNN ISIN: ZAE000022265
("Union" or "the company")
ANNOUNCEMENT
In the announcement on Sens by Union on 1 July 2002, it was stated that a
provisional agreement was reached with Sterling Asset Finance (Proprietary)
Limited ("Sterling"), a subsidiary of New Africa Capital Limited in
September 2001. This agreement provided synergies for the creation of a
substantial new mining group.
Due to a management buy-out of Sterling on 1 May 2002, Sterling is no longer
a subsidiary of New Africa Capital Limited and the indirect association of
New Africa Capital Limited and Sterling Financial Services (Proprietary)
Limited with Union has consequently been terminated.
Cape Town
4 July 2002
Date: 04/07/2002 04:22:00 PM Produced by the SENS Department
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