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Thu 20 Jan 2005, 16:58 AQUILA GROWTH LIMITED - FINAL LIQUIDATION
AQUILA GROWTH LIMITED - FINAL LIQUIDATION                                       
AQUILA GROWTH LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/003158/06)                                            
Share code: AQL   ISIN: ZAE000013959                                            
(`Aquila` or `the company`)                                                     
* AQUILA PLACED IN MEMBERS` VOLUNTARY LIQUIDATION                               
* SUSPENSION OF THE COMPANY`S SHARES ON THE JSE                                 
Shareholders are referred to the announcements dated 28 July 2004, 19 August    
2004 and 24 November 2004, detailing, inter alia, Aquila`s intention to proceed 
with the orderly winding-up of the company`s affairs in anticipation of the     
voluntary liquidation of the company (`the liquidation`).                       
Shareholders are hereby notified that:                                          
* the company was placed in members` voluntary liquidation in terms of sections 
349                                                                             
and 350 of the Companies Act, 1973 (Act 61 of 1973), as amended (`the Act`);    
* the liquidation resolution, approved by the Aquila shareholders at the general
meeting held on 19 August 2004, was registered on 18 January 2005 by the        
Registrar of Companies in terms of section 200 of the Act; and                  
* Janette Simpson has been appointed by the Master of the High Court of South   
Africa as the liquidator nominated in terms of the abovementioned resolution.   
Following the above, the company`s listing will be suspended on the JSE         
Securities Exchange South Africa from the commencement of trade on Friday, 21   
January 2005 until such time as the liquidation is complete. Shareholders will  
be timeously informed of any final liquidation distribution immediately prior to
the completion of the liquidation.                                              
Johannesburg                                                                    
20 January 2005                                                                 
Corporate advisor and sponsor                                                   
   BRIDGE CAPITAL                                                               
Date: 20/01/2005 04:42:25 PM              
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