Aflease - Proposed change of Company name
THE AFRIKANDER LEASE LIMITED
(Incorporated in the Republic of South Africa)
AFL (JSE) AFKDY (NASDAQ)
(Registration number 1921/006955/06)
Share Code: AFL ISIN Code: ZAE000000253
(`Aflease` or `the Company`)
Proposed change of Company name
INTRODUCTION
Shareholders are advised that the Board proposes the name Afrikander Lease
Limited be changed to more closely reflect the strategy and future direction of
the Company.
The Company`s strategy is to realise value for stakeholders by developing,
mining and producing both its gold and uranium assets.
The Company possesses world-class uranium resources and plans to commence the
production of uranium in early 2007. The Company also owns significant gold
resources, such as Modder East and Bonanza South, which are currently being
developed. The Bonanza South Project will produce gold by June 2005.
It is proposed that the name of the Company be changed from THE AFRIKANDER LEASE
LIMITED TO AFLEASE GOLD AND URANIUM RESOURCES LIMITED, with effect from the
close of business on Friday, 28 January 2005. The short name will remain Aflease
and the JSE share code will also remain AFL.
CIRCULAR TO SHAREHOLDERS
Aflease ordinary shareholders are hereby notified that the circular will be
dispatched with regard to the above detailing the rationale and conditions
precedent if any on or about 15th of December 2004.
Johannesburg
8 December 2004
Investment bank and sponsor
Nedbank Capital
Date: 08/12/2004 12:43:03 PM
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