Delta Electrical Industries Limited - Disposal Of The Repairs And Services And
Replacement Parts Divisions
DELTA ELECTRICAL INDUSTRIES LIMITED
Registration number 1919/006020/06
Share code: DEL ISIN: ZAE000002036
(Incorporated in the Republic of South Africa)
(`the company` or `DEI`)
Disposal of the Repairs and Services and Replacement Parts divisions
Shareholders are referred to the announcement released on 9 June 2005 and the
circular to ordinary shareholders dated 25 July 2005 regarding the disposal of
the Repairs and Services and Replacement Parts divisions by DEI (`the
disposal`).
Shareholders are advised that Delta plc announced today, on the London Stock
Exchange, that approval was received from its shareholders for the disposal.
Shareholders are further advised that unconditional approval has been given by
the Competition Commission for the disposal. The disposal remains conditional on
the fulfilment of the following outstanding conditions precedent:
1. Approval by DEI`s shareholders in general meeting on 24 August 2005; and
2 The financing required to implement the disposal being made available to the
Purchaser, in terms of the commitment letter issued by the Mandated Lead
Arranger and Underwriter, Barclays Bank plc, South Africa Branch.
Sandton
18 August 2005
Financial adviser and transaction sponsor
UBS
Date: 18/08/2005 01:00:56 PM
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