Metoz - Clarification of announcement regarding members` requisition of a
general meeting
METOZ HOLDINGS LIMITED
(formerly Metro Cash and Carry Limited)
(Incorporated in the Republic of South Africa)
Registration number 1946/0121315/06
Share code: MOZ ISIN code: ZAE000057410
(`Metoz`)
CLARIFICATION OF ANNOUNCEMENT REGARDING MEMBERS` REQUISITION OF A GENERAL
MEETING
Shareholders are referred to the announcement that appeared on the news service
(SENS) of the JSE Securities Exchange South Africa (`the JSE`) earlier today
(`the announcement`), relating to a requisition by certain members of Metoz of a
general meeting (`the requisition meeting`) in terms of section 181 of the
Companies Act, 1973, as amended (`the Act`).
Metoz advises shareholders that the announcement was released by the JSE at the
behest of the legal adviser to the members requisitioning such meeting, without
the prior knowledge, approval or consent of Metoz or that of its sponsors and,
accordingly, Metoz disassociates itself from the announcement.
Shareholders are further advised that the board of directors of Metoz will issue
a notice convening the requisition meeting in accordance with section 181 of the
Act, after the meeting to consider the scheme of arrangement proposed by The
Newco Project X Limited between Metoz and its shareholders to be held on
Tuesday, 22 March 2005, is concluded, should such requisition meeting still be
required.
Johannesburg
11 March 2005
Sasfin Corporate Finance
a division of Sasfin Bank Limited
Sponsor to Metoz
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