Johnnic - Cautionary Announcement
JOHNNIC HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1889/000429/06)
(`Johnnic` or `the Company`)
ISIN:ZAE000024352
Code:JNC
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Johnnic has entered into negotiations with Nafcoc
Holding Company Limited with regard to their respective interests in Tsogo
Investment Holdings Limited, a company that has a 51% shareholding in Tsogo Sun
Holdings Limited (`Tsogo Sun`). Tsogo Sun owns hotels and gaming assets. If
successfully concluded, the negotiations will have a material effect on
Johnnic`s share price. Accordingly, shareholders are advised to exercise caution
when dealing in Johnnic`s shares until a further announcement is made.
Midrand
30 March 2005
Investment Bank and Transaction Sponsor
Standard Bank
Legal Advisors
Webber Wentzel Bowens
Sponsor
Merrill Lynch South Africa (Proprietary) Limited
Date: 30/03/2005 10:36:04 AM
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