KOS
Kolosus Holdings Limited - Recapitalisation of the Company Including Cautionary
Announcement
Kolosus Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1978/000181/06)
Share code: KOS ISIN: ZAE000008504
("Kolosus" or "the Company")
RECAPITALISATION OF THE COMPANY INCLUDING CAUTIONARY ANNOUNCEMENT
Further to the results announcement of 14 August 2003, shareholders are advised
that the directors have resolved to proceed with a clawback rights offer to Daun
et Cie. Aktiengesellschaft ("Daun et Cie") to raise R140.1 million in terms of
which shareholders will be entitled to clawback shares from Daun et Cie at a
ratio of 5 shares for every 1 share held in Kolosus. The directors further
resolved that subject to shareholders approval the shares of the company will be
consolidated on a 20 to 1 basis.
Shareholders are advised to exercise caution in the trading of their shares
until a detailed annoucement is made.
Pretoria
22 August 2003
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