Phumelela - Announcement
Phumelela Gaming and Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
("Phumelela")
ISIN: ZAE000039269 Share code: PHM
Phumelela is pleased to announce that a partnership agreement has been signed
with the Gold Circle Racing and Gaming Group, which conducts horse racing and
totalisator betting in the Western Cape and KwaZulu-Natal ("the agreement").
In terms of the agreement the partnership is effective from 1 August 2002 and
shall remain in force for an initial period of 10 (ten) years until 31 July
2012, after which it may be renewed for a further period of 10 (ten) years. The
partners have recognised that there are many international opportunities to
simulcast their televised racing product to a number of overseas countries. The
establishment of the partnership now provides the platform to fully exploit the
partners` intellectual property rights. These rights include the audio and
visual coverage of and the information and data relating to thoroughbred horse
racing in South Africa.
Johannesburg
4 December 2002
Sponsor
Investec Securities Limited
Date: 04/12/2002 05:03:01 PM Produced by the JSE SENS Department
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