AST Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
Share code: AAA
ISIN: ZAE000027397
("AST" or "the Company")
RESULTS OF GENERAL MEETING
Standard Corporate and Merchant Bank is authorised to announce that at the
general meeting of AST shareholders held on Thursday, 17 July 2003 the requisite
majority of AST shareholders, present in person or by proxy, voted in favour of
the special and ordinary resolutions authorising:
* the amendment of the Articles of Association of the Company so as to enable
the Company to issue shares to parties who are not at the date of issue
members of the Company;
* the increase in the authorised share capital of AST by R200 000 through the
creation of 2 000 000 000 additional ordinary shares that will rank pari passu
in all respects with existing AST ordinary shares;
* the placement of 1 333 333 333 authorised but unissued AST ordinary shares
under the control of the directors of AST for the purposes of implementing the
proposed rights offer; and
* the consolidation of the authorised and issued share capital of the Company on
a one for ten basis after the completion of the proposed rights offer.
Centurion
17 July 2003
Merchant Bank
SCMB
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Sponsor
CAZENOVE South Africa (Pty) Limited
(Registration number 98/11736/07)
Member of the JSE Securities Exchange South Africa
Attorneys
Moss Morris Attorneys
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