SET POINT TECHNOLOGY
(Incorporated in the Republic of South Africa)
(Registration number 1996/014334/06)
Share code: STO ISIN: ZAE000013629
("Sethold")
RESULTS OF GENERAL MEETING
Standard Corporate and Merchant Bank is authorised to announce that at the
general meeting of Sethold shareholders held on Tuesday, 15 April 2003, the
ordinary resolution relating to the acquisition by Sethold of 100% of the issued
share capital of Flowmax Investments (Proprietary) Limited ("Flowmax"), from the
shareholders of Flowmax, was approved by the requisite majority of shareholders
present and voting in person or by proxy.
All of the conditions precedent to the transaction have been fulfilled and the
Sethold shares that are to be listed in settlement of the purchase consideration
will be listed on the JSE Securities Exchange South Africa on Tuesday, 22 April
2003.
Johannesburg
15 April 2003
Merchant bank and sponsor
SCMB
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Independent advisers, reporting accountants and auditors
KPMG
Corporate Advisers
JAVA CAPITAL
Corporate Legal Advisers
CLIFFE DEKKER
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