COMPAREX HOLDINGS LIMITED - FULFILMENT OF CONDITIO
COMPAREX HOLDINGS LIMITED - FULFILMENT OF CONDITIONS PRECEDENT RELATING TO THE
COMPAREX EUROPE DISPOSAL
Comparex Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/002506/06)
("Comparex" or "the company")
Share code: CPX
ISIN: ZAE000016812
Fulfilment of conditions precedent relating to the Comparex Europe
disposal
Comparex shareholders are referred to the announcements dated 29 August 2002, 22
October 2002, 30 October 2002 and the circular posted to shareholders on 14
October 2002 wherein it was announced that Comparex had concluded an agreement
to dispose of the European operations of Comparex ("Comparex Europe") to
Montefiore Limited (a company incorporated for the purpose of acquiring Comparex
Europe and in which certain members of the management of Comparex Europe have an
interest) ("Montefiore") ("the Comparex Europe disposal"). The purchase
consideration for the Comparex Europe disposal was finally agreed at Euro 12,7
million payable in cash plus the shares in and claims against Mosaic Software
Holdings Limited held by Comparex Europe.
The conditions precedent to the Comparex Europe disposal have been fulfilled and
the Comparex Europe disposal has now been implemented.
Johannesburg
29 November 2002
Merchant Bank and transactional Attorneys
sponsor
[Investec bank logo] [Cliffe Dekker logo]
Date: 29/11/2002 04:45:29 PM Produced by the JSE SENS Department
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