Dorbyl - Results of General Meeting
Dorbyl Limited
(Registration number 1911/001510/06)
(Incorporated in the Republic of South Africa)
Ordinary share code: DLV ISIN: ZAE000002184
(`Dorbyl` or `the company`)
RESULTS OF GENERAL MEETING
Shareholders are advised that, at the general meeting held on Monday, 4 July
2005, all the ordinary resolutions necessary to implement the disposal of the
company`s Alpine Engineered Products Division (`the disposal`) were approved by
the requisite majority of shareholders.
The disposal is still subject to the following conditions precedent:
* the expiry of all necessary waiting periods under the United States Hart-Scott
Rodino Antitrust Improvements Act of 1976;
* Dorbyl being notified that the financing required to implement the disposal
has been made available in terms of the commitment letters issued by the
acquirer`s financiers; and
* there being no material breach of warranty or protective covenant on the
implementation date.Shareholders will be advised through an announcement on SENS
once the outstanding conditions precedent have been fulfilled.
Shareholders are further advised that the parties to the disposal agreement have
elected to implement the disposal by means of the disposal by Dorbyl of its
shares in Dorbyl U.K. (Holdings) Limited.
Johannesburg
4 July 2005
Independent merchant bank and lead sponsor
RAND MERCHANT BANK
A division of FirstRand Bank Limited
Attorneys
WEBBER WENTZEL BOWENS
Joint sponsor
PSG CAPITAL
Date: 04/07/2005 04:54:08 PM
Produced by the JSE SENS Department
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