TIGER WHEELS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT
TIGER WHEELS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/011662/07)
("Tiwheel" or "the company")
Share Code: TIW ISIN Number: ZAE 000007407
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the company"s interim profit statement which was
published on 3 March 2003, the Cautionary Announcement of 7 August 2003 and the
audited group results for the year ended June 2003 which were published on 3
September 2003.
The company is presently in negotiations for the disposal of its OEM wheel
manufacturing businesses, being 100% of TSW Manufacturing (Pty) Ltd and 74% of
the ATS Group. The consideration would be cash, most of which would be paid to
shareholders as soon as practically possible. Taking into account the current
strengthened Rand exchange rate and relatively low international share prices,
at the current Tiwheel share price shareholders" expectations should not be
unrealistic.
Shareholders are therefore advised to continue to exercise caution when dealing
in their Tiwheel shares pending a more definitive announcement in due course.
Midrand
27 October 2003
Sponsor Legal Advisor
SASFIN CORPORATE FINANCE FLUXMANS
A DIVISION OF SASFIN BANK
LIMITED
Date: 27/10/2003 02:00:02 PM Supplied by www.sharenet.co.za
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