AMAP - UNCONDITIONAL AS TO ACCEPTANCES
Amalgamated Appliance Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1997/004130/06)
Share code AMA ISIN ZAE000012647
("AMAP")
UNCONDITIONAL AS TO ACCEPTANCES
On Wednesday, 12 February 2003 shareholders were advised of the conditional
partial offer by Salton Hong Kong Limited ("Salton") to all AMAP shareholders,
other than Salton ("the AMAP minority shareholders"), to acquire a portion of
their AMAP shares ("the offer"). The offer was subject to, inter alia, AMAP
minority shareholders holding at least 21,2% of the issued share capital of AMAP
irrevocably accepting the offer in writing on or before the date the offer
closes. Shareholders are advised that this condition precedent has been met and
the offer is therefore unconditional as to acceptances. As at the date of this
announcement, the only remaining condition precedent is the approval of the
Competition Commission. Shareholders will be notified once this approval has
been obtained.
Johannesburg
8 April 2003
Independent advisor and sponsor
BRIDGE CAPITAL
Corporate law advisors and consultants
Edward Nathan & Friedland (Pty) Ltd
Corporate Law advisers & Consultants
(Registration number 1999/026464/07)
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