Metoz - Clarification regarding the proposed scheme of arrangement
Metoz Holdings Limited
(formerly Metro Cash and Carry Limited)
(Incorporated in the Republic of South Africa)
(Registration Number 1946/021315/06)
Share Code: MOZ ISIN code: ZAE000057410
(`Metoz` OR `the Company`)
CLARIFICATION REGARDING THE PROPOSED SCHEME OF ARRANGEMENT
Shareholders are referred to the article published in the Business Day on
Monday, 14 February 2005, which incorrectly suggested that Newco Project X
Limited had substantially revised the proposed offer to Metoz shareholders. To
avoid confusion, shareholders are advised that the increase in the Rand amount
of the scheme consideration (`scheme consideration`) reflected in the company
announcement dated Friday, 11 February 2005 results from the fluctuation in the
ZAR-AUD exchange rate. The Rand amount payable to Metoz shareholders will vary
with the actual exchange rate at which the scheme consideration is converted.
Johannesburg
15 February 2005
Independent adviser to Metoz
Investec Bank
Sponsor to Metoz
Sasfin Corporate Finance a division of Sasfin Bank Limited
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