Massmart - Approval of Builders Warehouse and Tile
MASSMART HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
Share code MSM ISIN ZAE000029534
("Massmart")
Approval of Builders Warehouse and Tile Warehouse acquisition
Massmart is pleased to announce that all conditions relating to the acquisition
of the businesses trading as Builders Warehouse and Tile Warehouse have been
fulfilled:
* On 3 March 2003 the Competition Tribunal unconditionally approved the
acquisition.
* The due diligence process was completed on 6 March 2003 to Massmart`s
satisfaction.
* All other suspensive conditions have been fulfilled or waived.
The implementation date of the transaction will be 11 March 2003.
Johannesburg
7 March 2003
Sponsor
UBS Warburg Securities (South Africa) (Pty) Ltd
A financial services group of UBS AG
(Member of the JSE Securities Exchange South Africa)
(Registration number 1995/011140/07)
Corporate law advisors and consultants
Edward Nathan & Friedland (Pty) Ltd
Corporate Law advisers & Consultants
(Registration number 1999/026464/07)
Date: 07/03/2003 07:00:06 AM Supplied by www.sharenet.co.za
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