KERSAF/PRIMEDIA - DISPOSAL
Kersaf Investments Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1967/007528/06)
("Kersaf")
Share code: KER ISIN: ZAE 000003844
Primedia Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1993/003355/06)
("Primedia")
Ordinary share code: PMA ISIN: ZAE 000035119
N-ordinary share code: PMN ISIN: ZAE 000035127
Disposal of the Polish and Greek cinema interests of Ster Century Europe and
cautionary announcement
ING Investment Banking is authorised to announce that Ster Century Europe
Limited ("Ster Century Europe") has concluded agreements to dispose of its
cinema interests in:
* Poland to IT International Cinemas B.V. for a total consideration of US$19.6
million; and
* Greece to Drematco Limited for a total consideration of Euro10.75 million.
Accordingly, shareholders are advised to exercise caution when dealing in their
Kersaf and Primedia shares until a further announcement is made containing
additional details of the transactions, the financial effects and the use of the
net proceeds by Ster Century Europe.
Sandton
9 July 2002
Financial adviser
ING Investment Banking
Sponsor to Kersaf
ING Investment Banking
Sponsor to Primedia
Investec Bank Limited
(Registration number 1969/004763/06)
Date: 09/07/2002 04:46:03 PM Produced by the JSE SENS Department
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