METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX ISIN code: ZAE000022745
Issuer code: MEMTX
("Metorex" or "the company")
RESULT OF GENERAL MEETING
The directors of Metorex announce that the ordinary resolution, authorising
the acquisition by the company of a 54% interest in the business of the ETC
division of Avgold Limited, was approved by the requisite majority at the
general meeting of shareholders held on Wednesday, 21 May 2003.
According to the Acquisition Agreement, the effective date of the acquisition
will be 15 June 2003 and it is expected that the 36 000 000 new shares to be
issued pursuant thereto will be listed on the JSE Securities Exchange South
Africa on Tuesday, 17 June 2003.
Johannesburg
22 May 2003
Merchant bank and independent adviser
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Sponsor
BARNARD JACOBS MELLET
Corporate Finance
Legal adviser
Bowman Gilfillan
John Kernick * Findlay & Tait
Date: 22/05/2003 01:54:20 PM Supplied by www.sharenet.co.za
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