JD Group/Profurn - Further Cautionary Announcement And Information Regarding The
South African Competition Commission Announcement
JD GROUP LIMITED PROFURN LIMITED
(Incorporated in the Republic (Incorporated in the Republic
of South Africa) of South Africa)
(Registration number (Registration number
1981/009108/06) 1968/015363/06)
Share code: Share code: PON ISIN
JDGISIN:ZAE000030771 ZAE 000016481
("JD Group") ("Profurn")
FURTHER CAUTIONARY ANNOUNCEMENT AND INFORMATION REGARDING THE SOUTH AFRICAN
COMPETITION COMMISSION ANNOUNCEMENT
Further to the cautionary announcements dated 25 September 2002 and 1 October
2002 for JD Group and Profurn respectively, shareholders are advised that the
Competition Commission has today recommended to the Competition Tribunal that
the proposed transaction, in terms of which JD Group and FirstRand Bank Limited
have entered into a Memorandum of Understanding regarding the proposed sale of
the businesses of Profurn to JD Group ("the proposed transaction"), be approved
without conditions.
The proposed transaction is still conditional upon, inter alia, the approval of
the Competition Tribunal and the terms of the relevant documentation, including
comprehensive agreements, being concluded. Further announcements will be
communicated after the Competition Tribunal has issued a ruling in respect of
the proposed transaction.
Accordingly, shareholders are advised to continue to exercise caution when
dealing in JD Group and Profurn securities until a further announcement is made.
Johannesburg
8 October 2002
Corporate Advisor Legal Adviser to JD Group
and Transactional Sponsor to
JD Group
[Gensec Bank Limited ] [Feinsteins ]
Merchant Bank Sponsor to Profurn
to Profurn
[RMB Corporate Finance A [GTKF ]
division of Firstrand Bank
Limited
Date: 08/10/2002 05:52:00 PM Produced by the JSE SENS Department
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