African Life Assurance Company Limited - Cautionary Announcement
African Life Assurance Company Limited
(Incorporated in the Republic of South Africa)
Registration number: 1911/003818/06
Share Code: AFI
ISIN Code: ZAE000000246
("African Life")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that African Life is in negotiations with regard to the
introduction of Empowerment Shareholders at the African Life level. These
discussions are being held with a leading empowerment group who, it is
envisaged, will lead an appropriate broad based empowerment grouping that will
participate in 10% of the issued share capital of African Life.
Should these discussions be successfully concluded they may have an effect on
the price at which African Life shares trade on the JSE Securities Exchange
South Africa. Accordingly, shareholders are advised to exercise caution when
trading in African Life"s shares until further announcements are made. The
proposed transaction is subject to the necessary shareholder and regulatory
approvals.
Johannesburg
17 December 2003
Financial adviser Sponsor
Absa Corporate & Merchant Bank Merrill Lynch
Date: 17/12/2003 07:00:08 AM Produced by the JSE SENS Department
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