ENTERPRISE OUTSOURCING HOLDINGS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT
Enterprise Outsourcing Holdings Limited
(Company registration no: 1998/014669/06)
Share code: EOH ISIN: ZAE000022026
("EOH")
FURTHER CAUTIONARY ANNOUNCEMENT
Introduction
Further to the cautionary announcement dated 11 August 2003, shareholders are
advised that EOH has reached an agreement to acquire the entire issued share
capital of Atos KPMG Consulting (Pty).
Rationale
Both companies are similar in size, have complementary business models and a
similar outlook for the future. Some of the more obvious benefits of the two
businesses joining forces are:
* The combined business will become a leading business and technology solution
provider, with a staff complement of over 600 professionals, substantial
turnover, offices in five locations in SA and operations in several African
countries and Australia.
* Both companies will gain hundreds of already established clients to whom a new
range of services can be offered.
* Both businesses will benefit from having access to each others markets,
Commerce and Industry on the one hand and Financial Services and the Public
Sector on the other.
* The international brand `Atos KPMG Consulting" will give the business global
reach, international connectivity and the reference-ability necessary to play at
the top end of the market.
Conditions precedent
Implementation of the acquisition would be conditional upon the fulfilment,
inter alia, of the following conditions precedent:
* obtaining the necessary regulatory approvals, which would include those of the
Securities Regulation Panel, the JSE Securities Exchange South Africa and the
Competitions Commission South Africa; and
* EOH shareholder approval, if required.
Shareholders of EOH are accordingly advised to continue exercising caution when
dealing in their securities until a further announcement is made.
Johannesburg
9 September 2003
Investment Bank and Sponsor
Nedbank Corporate
Date: 09/09/2003 08:01:02 AM Supplied by www.sharenet.co.za
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