Metoz/ Newco - Confirmation Of The Rand Scheme Consideration For The Metoz
Scheme Of Arrangement
(METOZ HOLDINGS LIMITED LOGO)
Metoz Holdings Limited The Newco Project X Limited
(formerly Metro Cash and Carry (Incorporated in Australia)
Limited) (Registration number ABN 32 112
(Incorporated in the Republic of 073 480)
South Africa) (`Newco`)
(Registration number
1946/021315/06)
Share code: MOZ
ISIN: ZAE000057410
(`Metoz`)
CONFIRMATION OF THE RAND SCHEME CONSIDERATION FOR THE METOZ SCHEME OF
ARRANGEMENT
Shareholders are referred to the announcement dated 5 April 2005 regarding the
scheme of arrangement proposed by Newco between Metoz and its shareholders (`the
scheme members`) in terms of section 311 of the Companies Act, 1973 (Act 61 of
1973), as amended, to acquire all the Metoz shares held by the scheme members
for the scheme consideration. Scheme members are advised that the scheme
consideration of AUD0.6015 per Metoz share has been converted at an average
exchange rate of 4.7321762 (ZAR:AUD) and scheme members will, therefore, receive
ZAR2.84640 per Metoz share.
Johannesburg
13 April 2005
Independent adviser to Metoz Sponsor to Metoz
(Investec Bank logo) (Sasfin Corporate Finance a
division of Sasfin Bank Limited
logo)
Attorneys to Metoz Reporting Accountants and
Auditors
(Fluxmans Attorneys Inc logo) (Ernst & Young logo)
Attorneys to Newco
(Webber Wentzel Bowens logo)
Date: 13/04/2005 04:19:43 PM
Produced by the JSE SENS Department
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