BAW
BAW
Barloworld Limited - Update on Wattyl
Barloworld Limited
(Registration number 1918/000095/06)
JSE code: BAW
ISIN code: ZAE000026639
("Barloworld")
UPDATE ON WATTYL
Shareholders are referred to the announcements dated 13 February 2006 and 24
March 2006 relating to Barloworld"s conditional takeover offer for Wattyl (the
"offer"). To date, none of the conditions of the offer have been met, including
specifically approval from the Australian Competition and Consumer Commission
("ACCC"). Barloworld is continuing its discussions with the ACCC and the offer
was recently extended to 16 June 2006.
Contrary to reports in various media, Barloworld has no direct or indirect
ownership in Wattyl. As at 12 May 2006, Barloworld has however received
acceptances totaling 9.72% pursuant to the offer. Barloworld will not pay for
these Wattyl shares, nor will become the legal owner of the shares, until such
time as the offer conditions are either satisfied or waived.
Shareholders will be updated on any material developments relating to the offer.
Sandton
12 May 2006
Sponsor
JPMorgan Equities Limited
Date: 12/05/2006 01:00:33 PM Produced by the JSE SENS Department
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