Johnnic Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1889/000429/06)
("Johnnic" or "the Company")
PRESS ANNOUNCEMENT
Following media reports on the weekend and subsequently, Johnnic wishes to
clarify that no transaction is pending or contemplated for the disposal by
Johnnic Communications Limited ("Johncom") of its media assets or any part
thereof.
Johnnic continues to explore ways of unlocking shareholder value. As part of the
process the Company continues to investigate various options with regard to all
its assets, including its shareholding in Johncom. The options include but are
not limited to the possible disposal by Johnnic of its stake in Johncom.
No formal decisions have been taken at this point in time. The Company continues
to work with its corporate advisers and if a possible transaction appears to be
feasible, formal announcements will be made when appropriate.
Midrand
13 January 2003
Date: 13/01/2003 05:42:20 PM Produced by the JSE SENS Department
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