Enterprise Risk Management Limited - Further Cauti
ENTERPRISE RISK MANAGEMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1995/001603/06)
(JSE Code: ERM & ISIN Code: ZAE000037701)
FURTHER CAUTIONARY ANNOUNCEMENT AND UPDATE ON LEGAL MATTER
Further to the cautionary announcement made on 27 November 2002, shareholders
are advised that the Board of Directors continues to consider various corporate
actions, including the disposal of the underlying business to third parties.
These considerations have now reached an advanced stage and include a strong
empowerment partner. The Board expects these negotiations to be finalised
within the next few weeks. Accordingly, shareholders are advised to continue
exercising caution in dealing in the Company`s securities until such time as a
further and full announcement is made.
With regard to the City of Johannesburg arbitration matter, shareholders were
advised that the arbitration proceedings were to have continued on 2 December
2002. They were so continued during that week, but were not completed. They
are set to continue for the week commencing on 20 January 2003.
Randburg
10 January 2003
SPONSOR
EXCHANGE SPONSORS (PTY) LIMITED
(Registration number: 1999/024433/07)
Date: 10/01/2003 11:07:00 AM Produced by the JSE SENS Department
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