Sage Group - Bermuda Operations
SAGE GROUP LIMITED
("Sage Group") or ("the Group")
(Incorporated in the Republic of South Africa)
(Registration Number 1970/010541/06)
(Share code SGG ISIN no ZAE000006623)
On 3 January 2003 shareholders were informed that the Group`s international
marketing and underwriting activities in Bermuda would remain fully operational
and open for new business, pending the outcome of negotiations for additional
reinsurance facilities and permanent capital for the Bermudan operations. These
negotiations are continuing and it is anticipated that a further announcement
will be made by mid-February.
By order of the Board
C S Cant - Secretary
15 January 2003
Sponsor
ABSA Corporate & Merchant Bank
Corporate Finance
(Registration number 1986/004794/06)
Date: 15/01/2003 05:49:00 PM Produced by the JSE SENS Department
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