Absa/Barclays - Recommended Acquisition Unconditional In Every Respect
Absa Group Limited
(Registration number 1986/003934/06)
(Incorporated in the Republic of South Africa)
JSE share code: ASA
ISIN: ZAE000013389
(`Absa`)
Barclays Bank PLC
(Registration number 1026167)
(Incorporated in England)
(`Barclays`)
RECOMMENDED ACQUISITION UNCONDITIONAL IN EVERY RESPECT
Shareholders are referred to the Finalisation Date announcement which was
released on SENS at 12:34 earlier this afternoon regarding Barclays proposed
acquisition of up to 60% of the Absa ordinary shares at R82.50 per share (the
`Recommended Acquisition`).
Shareholders are advised that the order of Court sanctioning the Scheme has been
registered by the Registrar of Companies and the last of the conditions
precedent has been fulfilled.
The Recommended Acquisition is unconditional in every respect.
Johannesburg
7 July 2005
Financial advisors to Absa Financial advisors to Barclays
Goldman Sachs International JPMorgan
Merrill Lynch International Barclays Capital
Absa Corporate & Merchant Bank
Attorneys to Absa Attorneys to Barclays
Webber Wentzel Bowens Deneys Reitz Inc.
International Attorneys to Absa International Attorneys to Barclays
Linklaters Clifford Chance LLP
Independent Advisor to Absa`s Board
N.M. Rothschild
Sponsor to Absa
Merrill Lynch South Africa (Pty) Ltd
Co-sponsor to Absa
Absa Corporate & Merchant Bank
Reporting Accountants to Absa
Ernst & Young
KPMG
Date: 07/07/2005 04:53:16 PM
Produced by the JSE SENS Department
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