BONATLA PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
JSE code: BNT ISIN: ZAE000013694
(Registration number 1996/014533/06)
("Bonatla")
ANNOUNCEMENT
On 24 January 2003 Fairvest Property Holdings Limited made an offer to the
directors of Bonatla ("the offer") to acquire the entire property portfolio held
by all the property owning subsidiaries of Bonatla.
As the offer is considered an affected transaction in terms of the Securities
Regulation Panel Code on Takeovers and Mergers ("the Code") the following
disclosures in terms of Rule 7.1(a) of the Code are made:
- The sale of 158 485 Fairvest shares by Bonatla.
- Sales price - 50 cents per share.
- Transaction date - 28 January 2003.
- Sales conducted on open market.
- Total remaining Fairvest shares held by Bonatla - 547 485.
Sponsor
GRANT THORNTON KESSEL FEINSTEIN
CORPORATE SPONSORS (PROPRIETARY) LIMITED
Date: 31/01/2003 02:18:14 PM Produced by the JSE SENS Department
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