MILLIONAIR CHARTER LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
MILLIONAIR CHARTER LIMITED
(Registration number 1993/000092/06)
Incorporated in the Republic of South Africa
("Millionair" or "the Company")
Share Code: MLL ISIN Number: ZAE000017810
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that although the results for the twelve months to 29
February 2004 will show a substantial increase on the audited results of the
previous comparative period, the company is still anticipating making a loss.
The loss is mainly a result of the current strength of the Rand.
Shareholders are further advised that the company has entered into an agreement
with Sun Air 2001 (Pty) Ltd ("Sun Air") to assist in the management of Sun Air.
Certain outstanding funds payable by Sun Air to Millionair ("the outstanding
funds") have arisen and it has become apparent to the directors of the Company
that Millionair"s involvement as co-managers will enhance the ability of Sun Air
to repay the outstanding funds. Millionair confirms that there will be no
disruption to the operating of Sun Air as a result of the outstanding funds.
Due to the financial information on which this trading statement is based not
having been reviewed or reported on by the Millionair"s auditors and in light of
the outstanding funds, shareholders are advised to exercise caution when dealing
in their Millionair shares until the year end results have been published or a
more detailed announcement is made.
Johannesburg
9 February 2004
Sponsor to Millionair
SASFIN CORPORATE FINANCE
A DIVISION OF SASFIN BANK LIMITED
Date: 09/02/2004 02:38:03 PM Supplied by www.sharenet.co.za
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