Energy Africa Limited - Cautionary Announcement in
Intention Announcement
Energy Africa Limited
Registration number: 1995/007140/06
Incorporated in the Republic of South Africa
JSE code: ENR / ISIN code: ZAE0000/0427
Energy Africa Limited
Cautionary Announcement in relation to
Petronas` Firm Intention Announcement
The board of Energy Africa Limited ("Energy Africa"), excluding the Engen-
appointed directors (Dato` M Idris Mansor, George B D Paul and Tunku M Fawzy b.
Tunku Muhiyiddin), has noted the announcement by Petronas International
Corporation Ltd ("Petronas") of its intention to make a cash offer to acquire
the entire issued share capital of Energy Africa not owned by Engen Limited at a
price of ZAR43.75 per share ("the Offer").
Energy Africa regrets that Petronas did not approach Energy Africa to have any
discussions regarding this Offer prior to its public announcement.
Energy Africa believes that the Offer does not fully value the Company.
Energy Africa has retained Rothschild to advise it on the offer and how the
offer affects holders of all securities in Energy Africa. Merrill Lynch are
stockbrokers and sponsor to Energy Africa.
Energy Africa will advise shareholders of its views on the Offer, once a formal
offer document from Petronas has been issued and Energy Africa has had the
opportunity to consider the full details of the Offer.
Shareholders are advised to exercise caution when dealing in the securities of
Energy Africa.
6 September 2002
Cape Town
Press Enquiries
Energy Africa
Rhidwaan Gasant +27 21 400 7600
Date: 06/09/2002 09:02:39 AM Produced by the JSE SENS Department
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