ENTERPRISE RISK MANAGEMENT - FIRM INTENTION TO MAKE AN OFFER
ENTERPRISE RISK MANAGEMENT LIMITED
(incorporated in the Republic of South Africa)
(registration number : 1995/001603/06
(JSE Code: ERM ISIN Code: ZAE000037701)
("the Company")
FIRM INTENTION TO MAKE AN OFFER BY CATWALK INVESTMENTS 167 (PROPRIETARY) LIMITED
AND FURTHER CAUTIONARY
Shareholders are referred to the announcement relating to the firm intention to
make an offer ("offer") by Catwalk Investments 167 (Proprietary) Limited
("Catwalk") published in the press on 20 August 2003.
The board of directors of the Company ("board") has considered the terms of the
offer and are unanimously of the view that the price of ninety five cents per
ordinary share ("offer price") offered by Catwalk to shareholders is inadequate.
The board has agreed to give Catwalk access to information in relation to the
Company"s business in order for Catwalk to conduct a due diligence investigation
into the business affairs of the Company ("due diligence"), subject to Catwalk"s
execution of an appropriate confidentiality and non-disclosure undertaking. The
board is prepared to give Catwalk an opportunity to conduct the due diligence on
the understanding that Catwalk will, following the successful completion of the
due diligence, consider increasing the offer price.
Shareholders are advised to continue exercising caution when dealing in the
company"s securities.
Johannesburg
27 August 2003
Sponsor Attorneys
Exchange Sponsors Werksmans Inc.
Date: 27/08/2003 05:44:02 PM
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