Aquila Growth Limited - Update on disposal of inte
Aquila Growth Limited
Incorporated in the Republic of South Africa
(Registration number 1995/003158/06)
Share code: AQL ISIN: ZAE000013959
("Aquila")
Update on disposal of interest in Global Resorts SA (Pty) Limited and
cautionary announcement
Shareholders were notified in an announcement dated 11 December 2002 that Aquila
had entered into an agreement for the disposal of its 23.43% interest in Global
Resorts SA (Pty) Limited ("GRSA") ("the disposal") to a consortium backed by the
management of GRSA and Metallon Corporation Limited. As at the date of this
announcement, certain of the conditions precedent to the disposal had not yet
been fulfilled, however, the parties are working together in an attempt to
procure the fulfilment of the outstanding conditions precedent.
Shareholders are therefore advised to exercise caution when dealing in their
Aquila shares on the JSE Securities Exchange South Africa until a further
announcement is made.
Johannesburg
3 April 2003
Sponsor and independent Legal advisers
advisor
Peter Dawe & Associates
Bridge Capital
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