TIGER WHEELS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT
TIGER WHEELS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/011662/06)
Share code: TIW
ISIN: ZAE000007407
("Tiwheel" or "the group")
Shareholders are referred to the further cautionary announcement published on
27 October 2003 regarding the proposed disposal of the group"s OEM wheel
manufacturing business, which are currently under protracted negotiations.
Considering the further strengthening of the Rand, the indicative value levels
in the current negotiations, and the recent Tiwheel share performance,
shareholders are once again cautioned against having too high share price
expectations in the event of the successful conclusion of the negotiations.
Shareholders are advised to continue to exercise caution in dealing in their
Tiwheel shares pending a more definitive announcement in due course.
Midrand
19 November 2003
SPONSOR:
Sasfin Corporate Finance, A division of Sasfin Bank Limited
Date: 19/11/2003 04:21:49 PM Supplied by www.sharenet.co.za
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