AFRICAN LIFE ASSURANCE COMPANY LIMITED - RESULTS OF GENERAL MEETING TO INTRODUCE
EMPOWERMENT SHAREHOLDERS
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` or `the Company`)
RESULTS OF GENERAL MEETING TO INTRODUCE EMPOWERMENT SHAREHOLDERS
INTRODUCTION
African Life shareholders are referred to the African Life announcement dated 13
May 2004 and the circular to African Life shareholders dated 17 June 2004
regarding the proposed introduction of empowerment shareholders.
RESULTS OF GENERAL MEETING
At a general meeting of African Life shareholders held on Friday, 9 July 2004,
all the ordinary and special resolutions as set out in the circular to
shareholders dated 17 June 2004 to give effect to the proposed transactions were
approved by the requisite majorities. Consequently, African Life will, on the
third business day (expected to be Thursday, 15 July 2004) following the
registration of the special resolutions with the Registrar of Companies, allot
and issue 13 050 781 new redeemable preference shares at R2,00 each to Main
Street 199 (Proprietary) Limited, the company held by the empowerment parties,
against receipt of R26 101 562 in cash.
Houghton
9 July 2004
Merchant bank Sponsor Legal advisers Corporate law
to the advisers to African
Absa Corporate Merrill Lynch (SA) transaction Life and to the
and Merchant transaction
Bank WWB
Edward Nathan
& Friedland
Independent Independent Transfer secretaries
financial reporting accountants
adviser Computershare Limited
PricewaterhouseCoopers
EY Corporate
Finance
Date: 09/07/2004 11:07:32 AM Produced by the JSE SENS Department
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