KABUSHA MINING ACQUIRES 23 MILLION SHARES IN AFLEA
KABUSHA MINING ACQUIRES 23 MILLION SHARES IN AFLEASE
THE AFRIKANDER LEASE LIMITED
(Incorporated in the Republic of South Africa)
AFL (JSE) AFKDY (NASDAQ)
(Registration Number 1921/006955/06) Share Code: AFL
ISIN Code: ZAE000000253 ("Aflease")
The Board of Afrikander Lease Limited("Aflease") is pleased to note that Kabusha
Mining and Finance (Pty) Ltd ("Kabusha") has acquired 23 million shares in
Aflease, representing 12% of the group"s issued share capital.
Commenting, Neal Froneman, Aflease CEO, said: "The acquisition of 23 million
shares by Kabusha is a positive development for Aflease"s empowerment profile
and effectively removes the overhang of shares that existed in the market."
Shareholders are informed that Jean Nortier, Non-executive Chairman of Aflease,
holds an indirect minority interest in Kabusha, through a passive shareholding
in a business controlled by Quinton George, Managing Director of Trinity
Holdings.
11 July 2003
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