ILIAD - COMPETITION COMMISSION APPROVAL
ILIAD AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/011938/06)
Share code: ILA ISIN: ZAE000015038
("Iliad" or "the company")
COMPETITION COMMISSION APPROVAL
Shareholders are referred to the announcement dated 15 September 2003. The
only outstanding condition precedent for the acquisition of the business of
Corpgro Industrial & Building Supplies (Pty) Limited ("Corpbuild") as a going
concern was approval by the Competition Commission. Shareholders are notified
that this condition precedent has been fulfilled. The 46 million Iliad shares to
be issued to Corpbuild as part of the acquisition consideration, and the 25
million Iliad shares to be issued to specifically identified financial
institutions to fund the acquisition consideration, will therefore be issued by
and listed on Monday, 29 September 2003.
Johannesburg
23 September 2003
Transaction sponsor
BRIDGE CAPITAL
Date: 22/09/2003 03:23:50 PM Produced by the JSE SENS Department
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