Petronas International Corporation Ltd - Update Re
Petronas International Corporation Ltd - Update Regarding Energy Africa Offer
Document
Petronas International Corporation Ltd
(Incorporated in Labuan, Malaysia)
(A wholly-owned subsidiary of Petroliam Nasional Berhad)
UPDATE REGARDING ENERGY AFRICA OFFER DOCUMENT
Petronas International Corporation Ltd ("PICL") announced on 5 September 2002
its intention to make a final cash offer to acquire the entire issued share
capital of Energy Africa Limited ("Energy Africa"), other than those shares
already held by Engen Limited ("Engen"), PICL or their concert parties for a
cash consideration of ZAR43.75 per Energy Africa share (the "Offer"). PICL
controls, directly and indirectly, 65.3 per cent of Energy Africa.
The firm intention announcement indicated that the Offer document would be
posted within 30 days, as required by the Securities Regulation Panel. PICL
wishes to advise Energy Africa shareholders that it intends to post the document
by no later than Monday, 30 September 2002, at which time the Offer will open.
In addition, PICL intends to extend the Offer to shareholders resident in the
United States. The Offer document will accordingly be distributed into the
United States, as well as to other participating jurisdictions.
Date: 20/09/2002 10:46:32 AM Produced by the JSE SENS Department
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