Masonite - Announcement
MASONITE (AFRICA) LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1942/015502/06)
Share code: MAS ISIN: ZAE000004289
("Masonite")
ANNOUNCEMENT
Shareholders are referred to the announcement on 28 October 2002 by the board of
directors of Masonite ("the announcement") regarding the failure of the proposed
scheme of arrangement between Masonite and its shareholders. In the
announcement, reference was made to a disagreement over the value of Masonite`s
forestry assets. Following the announcement, the company, in consultation with
its three largest shareholders, decided to appoint a firm of independent
forestry consultants to carry out a valuation of its forestry assets. It is
expected that this valuation exercise will be completed in early February 2003,
and that pertinent information will be included in Masonite`s annual report.
Durban
20 November 2002
Investment bank and
sponsor
Nedcor Investment Bank
Date: 20/11/2002 05:05:00 PM Produced by the JSE SENS Department
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