Mvelaphanda Resources Limited / Gold Fields Limited -
Mvelaphanda Resources Limited Gold Fields Limited
Registration number: Registration number:
1980/001395/06 1968/004880/06
ISIN: ZAE000037610 ISIN: ZAE000018123
JSE Code:MVL JSE Code: GFI
("Mvela Resources") ("Gold Fields")
FURTHER JOINT CAUTIONARY ANNOUNCEMENT
Further to the joint cautionary announcement published by Mvela Resources and
Gold Fields ("the parties") on Friday 5 September 2003, security holders are
advised that the proposed transaction in terms of which Mvela Resources will
acquire a beneficial interest of 15% in the South African gold mining assets of
Gold Fields ("the transaction") for a consideration of R4.1 billion remains
subject to the fulfilment of a number of conditions precedent. The Memorandum of
Understanding entered into in respect of the transaction provided for a 120 day
period of exclusivity between the parties for the conditions precedent to be
fulfilled. Security holders are advised that the parties have now mutually
agreed to extend the 120 day exclusivity period referred to above to 28 February
2004, in order to provide sufficient time for the fulfilment of the conditions
precedent and the implementation of the transaction.
Security holders are advised to continue to exercise caution when dealing in the
securities of the respective companies, until such time as a further
announcement is made.
Johannesburg
8 October 2003
Merchant bank to Mvela Financial advisor and
Resources transactional sponsor to Gold
RMB Corporate Finance Fields
A division of FirstRand Bank JP Morgan
Limited
Attorneys to Mvela Resources Corporate law advisors and
for the transaction consultants to Gold Fields
Werksmans Inc. Edward Nathan & Friedland
(Registration number (Pty) Limited
1990/007215/21) Corporate Law Advisors and
Consultants (Registration
number 1999/026464/21)
Sponsor to Mvela Resources
PricewaterhouseCoopers
Corporate Finance
(Proprietary) Limited
Date: 07/10/2003 05:15:08 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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