ConFed - Further Cautionary Announcement
CONGELLA FEDERATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/025767/06)
Ordinary shares
Share code: CNF ISIN: ZAE000001624
Preference shares
Share code: CNFP ISIN: ZAE000001632
("ConFed" or "the Company")
Further Cautionary Announcement
Further to the cautionary announcements made by ConFed on 17 September 2002 and
30 October 2002, ordinary shareholders and preference shareholders are referred
to the announcement of the results of the general meeting of Commercial Finance
Company Limited ("CFC") ordinary shareholders and CFC preference shareholders
made by CFC, the controlling shareholder of ConFed, on 11 December 2002.
Pursuant to the distribution of CFC`s shareholding in Mr Price Group Limited,
HomeChoice Holdings Limited and the distribution by CFC of R203,41 million in
cash, to CFC ordinary shareholders, on 30 December 2002, CFC will still hold
substantial net assets with a market value of approximately R114,0 million which
will include CFC`s shareholding in ConFed ("the remaining assets").
If the realisation of the remaining assets is successfully implemented, it may
have a material effect on the price at which ConFed`s ordinary shares and
preference shares trade on the JSE Securities Exchange, South Africa.
Accordingly, ordinary shareholders and preference shareholders are advised to
continue to exercise caution when dealing in the Company`s securities until a
detailed announcement is made.
Durban
17 December 2002
Corporate advisor to ConFed
BoE Merchant Bank
A Division of BoE Bank Limited
Co. Reg. No. 1951/00847/06
Legal advisor to ConFed
Cox Yeats Attorneys
Sponsor to ConFed
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange of South Afirca
Co. Reg. No. 1995/012240/07
Date: 17/12/2002 11:13:01 AM Produced by the JSE SENS Department
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