Trencor/Mobile - Exit From Trailer Manufacturing Business
TRENCOR LIMITED
(Registration No 1955/002869/06)
("Trencor")
SHARE CODE: ISIN:
TRE ZAE000007506
TED2 ZAE000007282
MOBILE INDUSTRIES LIMITED
(Registration No 1968/014997/06)
("Mobile")
SHARE CODE: ISIN:
MOB ZAE000004602
MBN ZAE000012274
MOBD ZAE000004610
EXIT FROM TRAILER MANUFACTURING BUSINESS
Holders of securities in Trencor and Mobile are advised that the 60% shareholder
in Marlio Beleggings Sewe (Pty) Ltd has exercised its option to acquire
Trencor"s 40% interest in that company for a cash consideration of R47,5
million. The effective date of the exercise of the option is 31 March 2004.
Options to acquire the properties owned by Trencor and occupied by the trailer
manufacturing operations of the Marlio group, for an additional cash
consideration of R15,7 million, have also been exercised. Payment for these
properties will be effected against registration of transfer.
ON BEHALF OF THE BOARDS
NI JOWELL CHAIRMAN TRENCOR LIMITED
C JOWELL CHAIRMAN MOBILE INDUSTRIES LIMITED
1 April 2004
http://www.trencor.net
http://mobile-industries.net
Date: 01/04/2004 03:19:03 PM Produced by the JSE SENS Department
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