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Thu 5 Dec 2002, 13:33 Dorbyl Limited - Company Announcement
Dorbyl Limited - Company Announcement                                           
Dorbyl Limited                                                                  
   (Incorporated in the Republic of SA)                                         
(Registration number 1911/001510/06)                                         
   Share code: DLV   ISIN:  ZAE000002184)                                       
   ("Dorbyl" or "the company")                                                  
DISPOSAL OF ENGINEERING DIVISION: results of general meeting                    
Further to the press announcement published on 22 October 2002 and the       
circular dated 18 November 2002 ("the circular"), PSG Capital Limited is        
authorised to announce that, at the general meeting of the company held at 11:30
on Wednesday, 4 December 2002, the required ordinary resolution to approve the  
disposal by Dorbyl of its engineering products and services division to Clidet  
No 409 (Proprietary) Limited and Express Model Trading No 51 (Proprietary)      
Limited ("the disposal") was duly passed by the requisite majority of Dorbyl    
shareholders.                                                                   
In the circular shareholders were advised that Dorbyl`s listing will be      
transferred to the Basic Industries - Construction and Building Materials Sector
with effect from Thursday, 5 December 2002. Since the disposal is still subject 
to approval by the Competition Authorities, Sector Change will no longer take   
place on the set date. Shareholders will be advised of the new date of sector   
change on receipt of approval by the Competition Authorities.                   
   Johannesburg                                                                 
   5 December 2002                                                              
Corporate adviser and sponsor                                                   
  PSG Capital                                                                   
Date: 05/12/2002 07:18:16 AM Produced by the JSE SENS Department                

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