Indequity Group Limited - Notice to shareholders
INDEQUITY GROUP LIMITED
Indequity Group Limited ("Indequity" or "the company")
Incorporated in the Republic of South Africa
Registration number: 1998/015883/06
Share code: IDQ
ISIN code: ZAE000016606
Notice to shareholders
The shareholders of Indequity Group Limited are advised that the company`s
financial results for the year ended 30 September 2002 will be adversely
affected, largely as a result of the significant investment (19,5%) it has in
Proper Group Limited (share code: PRO). The company`s shareholders are referred
to the profit warning Proper Group Limited has recently issued. Consequently
management has decided, in accordance with the South African Statements of
Generally Accepted Accounting Practices, to write down this investment to cost,
which will have a substantial negative impact on the accounting net income of
Indequity. It should be noted that this accounting treatment will have no
impact on the cash position of the company. Full details of the company`s
financial results will be contained in its audited financial statements for the
year ended 30 September 2002, which will be released on or about 31 October
2002.
By order of the Board
Johannesburg
2 October 2002
Sponsor
KPMG
Date: 01/10/2002 05:45:00 PM Produced by the JSE SENS
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