Results Of The Mandatory Offer For The Entire Issu
Mutual & Federal - Results Of The Mandatory Offer For The Entire Issued Share
Capital Of CGIC By Mutual & Federal
Credit Guarantee Insurance Mutual & Federal Insurance Co
Corporation of Africa Limited Limited
(Incorporated in the Republic of (Incorporated in the Republic
South Africa) of South Africa)
(Registration number (Registration number
1956/000368/06) 1970/006619/06)
("CGIC") ("Mutual & Federal")
(Not listed) JSE Share Code: MAF NSX Share
Code: MTF
ISIN: ZAE 000010823
RESULTS OF THE MANDATORY OFFER FOR THE ENTIRE ISSUED SHARE CAPITAL
OF CGIC BY MUTUAL & FEDERAL
CGIC shareholders are referred to the announcements dated 15 July 2003 and 6
November 2003 relating to the offer (the "Offer") made by Mutual & Federal to
acquire those CGIC shares that it did not already own (the "Offer Shares"). The
Offer has now closed and Mutual & Federal is pleased to announce that it has
received acceptances in respect of 434 400 Offer Shares and that it now holds an
aggregate shareholding of 50.98% of the entire issued share capital of CGIC.
Johannesburg
25 November 2003
Investment Bank to the Corporate law advisers and
transaction consultants to
and joint sponsor to Mutual & Mutual & Federal
Federal
Nedbank Corporate Edward Nathan & Friedland
Joint sponsor to Mutual & Independent advisors to the
Federal shareholders
Of CGIC
Merrill Lynch Deloitte & Touche Corporate
Finance
Date: 25/11/2003 03:25:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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