Capital Alliance -
CAPITAL ALLIANCE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1952/000756/06)
Share code: CPT ISIN: ZAE 000011904
("Capital Alliance")
Cautionary announcement
Pursuant to Capital Alliance"s stated strategy to increase its activities in the
Australian life insurance market, Investec Bank Limited is authorised to
announce that Capital Alliance, through its controlled entity in Australia,
Capital Alliance Holdings (Australia) Pty Limited, is in advanced negotiations
with Lumley Insurance Group Limited in relation to the possible acquisition of
its wholly owned subsidiary Lumley Life Limited ("Lumley Life").
Lumley Life is a specialist risk insurer operating in Australia and New Zealand
and operates in the same market as PrefSure Life Limited, a subsidiary of
Capital Alliance Holdings (Australia) Pty Limited. Lumley Life provides an ideal
platform for Capital Alliance to significantly increase its presence in the
Australian life insurance market and to extend its third party administration
activities internationally.
Capital Alliance shareholders are advised to exercise caution in dealing in
their shares until a further announcement is made.
Johannesburg
September 30 2003
Merchant bank Sponsor
Investec Corporate Finance Investec Securities
Date: 30/09/2003 09:00:11 AM Supplied by www.sharenet.co.za
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