Grintek/SAAB SA - Cautionary Announcement
Grintek Limited
(Incorporated in the Republic of South Africa)
(Registration number 1955/000013/06)
Share code: GNK
ISIN: ZAE000003067
(`Grintek`)
SAAB South Africa (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/015031/07)
(`SAAB SA`)
Detailed cautionary announcement
The board of directors of Grintek has been informed by SAAB AB (`SAAB`), through
its wholly owned subsidiary SAAB South Africa (Proprietary) Limited (`SAAB SA`),
that SAAB is currently investigating proposals which may lead to it making an
offer, subject, inter alia, to the approval of the necessary regulatory
authorities, to acquire all of the Grintek shares that it does not already own
other than the shares held by Kunene Finance Company (Proprietary) Limited and
Kunene Technology Investments (Proprietary) Limited for a cash consideration of
R1.70 per Grintek share.
Shareholders of Grintek are therefore advised to exercise caution when dealing
in the company`s shares until further announcements are made.
Centurion
9 November 2004
Investment bank and Corporate law advisors Sponsor to Grintek
corporate advisor to SAAB to SAAB SA Investec Bank Limited
SA Edward Nathan &
Nedbank Capital Friedland
Date: 09/11/2004 05:55:04 PM
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