Falcon Investment Holdings Societe Anonyme
(Incorporated in Luxembourg - R.C. Number B39773)
("the Company" or "Falcon"))
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement released on 20th March 2003, referring to
an announcement released by the Company"s subsidiary Falcon Gold Zimbabwe
Limited, shareholders are advised that the following announcement has now been
released:
"FALCON GOLD ZIMBABWE LIMITED
Shareholders have previously been advised that Cellular Systems Limited
("Celsys") contemplated making an offer to acquire the entire share capital in
Falcon Gold Zimbabwe Limited. Celsys has determined that as a result of
significant changes in the economic environment, and of other circumstances, its
rationale for the intended acquisition of the share capital is no longer
applicable. The proposed transaction is not, therefore, being pursued by the
parties."
In the circumstances, shareholders are no longer required to exercise caution
when dealing in their Falcon shares.
24th April 2003
Sponsor
The Janus Corporation (Pty) Ltd
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