RELYANT RETAIL LIMITED - FULFILMENT OF CONDITIONS PRECEDENT
(Incorporated in the Republic of South Africa)
(Registration number 1937/010108/06)
Share code: RLY ISIN number: ZAE 000016457
("Relyant")
FULFILMENT OF CONDITIONS PRECEDENT
Shareholders are referred to the announcement dated 20 June 2002 wherein it
was stated that FirstRand Bank Limited ("FirstRand") and Relyant had
mutually agreed to extend the final date for the fulfilment of all the
conditions precedent on the disposal of Relyant`s defined loan book to
Business Venture Investments No 607 (Pty) Limited, a company established for
the purpose of acquiring the microloan business of Relyant, to 5 July 2002.
Relyant confirms that the outstanding conditions precedent have been
fulfilled and that the disposal is now unconditional.
Johannesburg
8 July 2002
Merchant bank Sponsor to Relyant Reporting accountants
and auditors to
Relyant
Investec Corporate Investec Bank Limited Deloitte & Touche
Finance
Legal adviser to Merchant bank to
Relyant FirstRand
Peter Dawe and Rand Merchant Bank
Associates Corporate Finance, a
division of FirstRand
Date: 08/07/2002 05:03:15 PM Produced by the JSE SENS Department
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