Metrofile Holdings - Renewal of cautionary announc
MFL
MFL
Metrofile Holdings - Renewal of cautionary announcement
Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN: ZAE000061727
("Metrofile Holdings" or "the Group")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders of Metrofile Holdings are referred to the cautionary announcement
dated 13 January 2006 and are advised that negotiations are still in progress to
settle a legal dispute which is a material contingent liability of Metrofile
Holdings. If these negotiations are successfully concluded, it is not expected
that there would be any financial effect on Metrofile Holdings or the Group and
the contingent liability will be eliminated.
In addition, as discussed in the cautionary announcement dated 13 January 2006,
events are still in progress which may lead to adjustments being required to the
provisions and to the inter-company loans, the net effect of which may be an
increase of up to R25 million in the consolidated liabilities of the Group.
These matters do not have any effect on Metrofile (Proprietary) Limited.
Shareholders should accordingly continue to exercise caution in dealing in the
Group"s securities until further announcements are made.
Johannesburg
27 February 2006
Sponsor
Standard Bank
Date: 27/02/2006 05:37:05 PM Produced by the JSE SENS Department
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