Acquisition By Treacle Venture Partners ("Treacle"
ERP.COM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/010017/06)
Share code: ERP
ISIN code: ZAE 0000 19311
("ERP.com" or "the company")
ACQUISITION BY TREACLE VENTURE PARTNERS ("TREACLE") OF AN INTEREST IN ERP.COM
As previously communicated to the JSE Securities Exchange South Africa ("JSE")
and the investment community, in October 2001. Treacle acquired a 14,5% interest
in ERP.com. This coincided with the appointment of Rudolf Pretorius, a partner
in Treacle to the ERP.com board of directors.
Treacle subscribes to the practice of good corporate governance and believes
that it is in the best interests of all stakeholders to inform the investment
community of its dealings in ERP.com securities.
At the time of the initial investment, Treacle indicated that it was their
intention to grow their stake in ERP.com. In compliance with Section 3.72 to
3.75 of the JSE Listings Requirements, the following is disclosed:
On 22 January 2003 Treacle purchased a further 26 000 000 ordinary shares at 45
cents, bringing Treacle`s current equity interest to 34,7%.
As a result of this transaction Rudolf Pretorius has indirectly acquired a
further 1 065 574 shares.
Johannesburg
27 January 2003
Date: 27/01/2003 05:20:45 PM Produced by the JSE SENS Department
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