Hosken Consolidated Investments Limited - Clarification statement
Hosken Consolidated Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI ISIN: ZAE000003257)
(`HCI`)
Clarification Statement
HCI made a firm intention announcement on 7 July 2005 that it had increased its
interest in Johnnic Holdings Limited (`Johnnic`) to approximately 40% of
Johnnic`s issued share capital and consequently it is required to make a
mandatory offer to the remaining shareholders of Johnnic in terms of the
Securities Regulation Code on Take-overs and Mergers and the Rules of the
Securities Regulation Panel (`the offer`). Various comments and statements have
been made and/or reported in the press relating to the offer and the offer
price. HCI wishes to clarify that it reserves the right to increase the offer
price if it becomes desirable to do so in the future. Accordingly, none of the
reported comments or statements should be construed as a `no increase` statement
and, to the extent that they may be so construed, this is incorrect and such
comments and statements are hereby withdrawn.
14 July 2005
Durban
Lead sponsor
Ernst & Young
Joint sponsor
Investec Bank Limited
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