Cementation - Further Cautionary Announcement
The Cementation Company (Africa) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1926/008840/06)
Share code: CMT ISIN: ZAE000001582
Share code: CMTP ISIN: ZAE000001590
("Cementation")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the announcement dated 17 November 2003, Standard Corporate &
Merchant Bank is authorised to announce that Skanska AB (of Sweden) ("Skanska")
has entered into exclusive negotiations with Murray and Roberts Holdings Limited
("Murray & Roberts") for the acquisition by Murray & Roberts of Skanska"s:
* 79.13% interest in Cementation"s issued ordinary share capital; and
* 57.44% interest in Cementation"s issued 6% cumulative preference share
capital, which are held by Skanska through Skanska Cementation International
Holdings Limited (incorporated in the United Kingdom) (collectively, "the
transaction").
The implementation of the transaction may result in a change in controlling
shareholder of Cementation, which would oblige Murray & Roberts, in terms of the
Securities Regulation Code on Take-overs and Mergers, to extend an offer to
Cementation"s ordinary shareholders and preference shareholders to acquire all
of their ordinary shares and preference shares, respectively, on the same terms
and conditions as those offered to Skanska ("the mandatory offer").
Ordinary shareholders and preference shareholders are accordingly advised to
continue to exercise caution when dealing in their ordinary shares and
preference shares, respectively, until such time as a detailed announcement is
published.
Johannesburg
19 November 2003
Merchant bank and sponsor to Cementation
Standard Corporate & Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Date: 19/11/2003 09:03:28 AM Supplied by www.sharenet.co.za
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