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 HOLDINGS LIMITED
(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 announcements released on the
Securities Exchange News Service of the JSE Securities Exchange South Africa on
Wednesday, 8 October 2003 and Tuesday, 4 November 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).
As the receipt of the relevant regulatory approvals in Australia, including the
approval of the Australian Prudential Regulation Authority and the Foreign
Investment Review Board, have been received, Capital Alliance shareholders are
hereby advised that the acquisition has become unconditional.
A circular containing all relevant information relating to the acquisition will
be posted to Capital Alliance shareholders in due course.
Sandton
5 January 2004
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