THE ACQUISITION BY CAPITAL ALLIANCE HOLDINGS (AUST
CAPITAL ALLIANCE -
(Incorporated in the Republic of South Africa)
(Registration number 1952/000756/06)
Share code: CPT
ISIN: ZAE000011904
("Capital Alliance"
THE ACQUISITION BY CAPITAL ALLIANCE HOLDINGS (AUSTRALIA) PROPRIETARY LIMITED
("CAHA") OF 100% OF THE SHARES IN AND CLAIMS AGAINST LUMLEY LIFE LIMITED
("LUMLEY LIFE")
Capital Alliance shareholders are referred to the announcement released in the
press on Wednesday, 8 October 2003 regarding the acquisition by CAHA of 100% of
the shares in and claims against Lumley Life ("the acquisition") for a purchase
consideration of A$83.75 million (approximately R402 million).
The acquisition is subject to the receipt of the relevant regulatory approvals
in Australia, including the approval of the Australian Prudential Regulation
Authority and the Foreign Investment Review Board. Capital Alliance shareholders
are advised that a circular ("the circular") to Capital Alliance shareholders
containing the information relating to the acquisition will be posted
immediately following the receipt of such approvals.
Capital Alliance shareholders are further advised that, given the monetary value
of the acquisition, Capital Alliance shareholder approval is not required for
the successful implementation of the acquisition. Consequently, the circular is
for information purposes only.
Sandton
4 November 2003
Merchant Bank:
Investec Corporate Finance
(Registration number 1969/004763/06)
Sponsor:
Investec Bank Limited
(Registration number 1969/004763/06)
Date: 04/11/2003 05:00:06 PM Supplied by www.sharenet.co.za
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