JOHNNIC HOLDINGS LIMITED - RENEWAL OF THE CAUTIONA
Johnnic Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1889/000429/06)
Share Code: JNC
ISIN: ZAE000024352
("Johnnic")
RENEWAL OF THE CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 14 February 2003, Standard
Corporate and Merchant Bank is authorised to announce that Johnnic is in the
process of implementing the decision of the Johnnic board of directors to
unbundle its shareholding in the MTN Group Limited.
Johnnic shareholders are accordingly advised to continue to exercise caution in
dealings in their shares until a further announcement is made.
Johannesburg
28 March 2003
Merchant Bank and Transactional Sponsor
Standard Corporate and Merchant Bank
(A division of the Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Legal adviser
Webber Wentzel Bowens
Tax adviser
Deloitte & Touche
Sponsor
Merrill Lynch South Africa (Proprietary) Limited
(Registration number 1995/001805/07)
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