Distell Group Limited - Cautionary announcement
DISTELL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/005808/06)
Share code: DST ISIN: ZAE000028668
(`Distell` or `the company`)
Cautionary announcement
Distell shareholders are advised that the company has made progress with regard
to the introduction of a Black Economic Empowerment (`BEE`) partner into Distell
(`the proposed BEE transaction`) and the company is in discussions with
potential BEE partners.
The proposed BEE transaction will be subject to certain regulatory and
shareholder approvals and, if successfully concluded, may have an effect on the
market price at which Distell`s shares trade on the JSE Securities Exchange
South Africa. Shareholders of the company are accordingly advised to exercise
caution when dealing in their Distell shares until a detailed announcement is
made.
For and on behalf of the board
Distell Group Limited
Stellenbosch
4 April 2005
Corporate adviser and transactional Corporate legal adviser
sponsor
Investec Corporate Finance Sonnenberg Hoffmann Galombik
Investec Bank Limited
Sponsor
Rand Merchant Bank (A division of
FirstRand Bank Limited) Corporate
Finance
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