ZARARA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/001078/06)
Share code: ZRR ISIN: ZAE000033080
("Zarara")
COMPANY ANNOUNCEMENT
Further to the announcement of 10 February 2003, shareholders are advised that
the conditions precedent relating to the sale of SA Bioproducts (Proprietary)
Limited have been fulfilled and that the sale is unconditional.
Shareholders are further advised that the distribution of Zarara"s 2002 Annual
Financial Statements ("2002 AFS") has been delayed due to the directors of
Zarara evaluating certain options relating to the ongoing realisation to best
advantage of shareholder value. As a consequence, additional information may be
included in the 2002 AFS. Accordingly, Zarara"s listing will be annotated with
a "RE" since its 2002 AFS would not have been submitted within six months from
its financial year end, being 30 September 2002. Notwithstanding the
annotation, the directors of Zarara believe this course of action to be in the
interests of shareholders and expect the 2002 AFS to be delivered before 30
April 2003.
Johannesburg
4 April 2003
Sponsor
PricewaterhouseCoopers Corporate Finance
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
