Nando`s Group Holdings Limited - Announcement
Nando`s Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/007318/06)
JSE Code : NDS
ISIN ZAE000029765
("NGH" or "the Group")
The interim profit announcement published on SENS and in the press on 29
November 2002 omitted the contingent liability note, which is published below.
The Group`s contingent liabilities have reduced by R7.8 million since the
announcement of NGH`s annual financial statements for the year ended 28 February
2002, published on SENS and in the press on 9 May 2002.
NGH has provided a guarantee to the Industrial Development Corporation ("IDC")
to the amount of R35.8 million (28 February 2002: R43.6 million) in respect of
franchises transacted through the IDC facility.
The Group has pledged a deposit of GBP0.5 million (28 February 2002: GBP0.5
million) to Citco Bank Nederland NV ("Citco") in respect of advances by Citco to
the Nando`s United Kingdom operation.
3 December 2002
Merchant bank and sponsor
RAND MERCHANT BANK
A division of FirstRand Bank Limited
Date: 03/12/2002 05:15:04 PM Produced by the JSE SENS Department
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