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Thu 22 May 2003, 16:08 Avgold - Acquisition By Metorex Of Avgolds Etc Bus
Avgold - Acquisition by Metorex of Avgold"s ETC Business                        
Avgold Limited                                                                  
(Registration number 1990/007025/06)                                            
(Incorporated in the Republic of South Africa)                                  
(Share code: AVG)                                                               
(ISIN code: ZAE000012175)                                                       
("Avgold")                                                                      
Acquisition by Metorex of Avgold"s ETC Business                                 
Avgold shareholders are referred to the announcement by Metorex Limited         
("Metorex") advising that the ordinary resolution required to authorise the     
acquisition by Metorex of Avgold"s ETC Business was approved by the requisite   
majority at the general meeting of Metorex shareholders held on Wednesday, 21   
May 2003.                                                                       
This completes the last of the conditions precedent required for the sale       
transaction. The effective date of the sale will be 15 June 2003.               
Johannesburg                                                                    
22 May 2003                                                                     
Issued by:                                                                      
Sponsor to Avgold                                                               
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 22/05/2003 03:53:56 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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