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CUL
CUL
Cullinan Holdings Limited - Further Cautionary Announcement
Cullinan Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1902/001808/06)
Share code: CUL ISIN: ZAE000013710
("Cullinan")
FURTHER CAUTIONARY ANNOUNCEMENT REGARDING
THE PROPOSED MERGER OF THE BUSINESSES OF CULLINAN AND THEBE TOURISM GROUP
(PROPRIETARY) LIMITED ("Thebe Tourism Group")
Further to the preliminary announcement dated 8 May 2006 and the further
cautionary announcement dated 27 June 2006, shareholders are advised as
follows in regard to implementation of the transaction:
1. the legal due diligence process has substantially been completed;
2. the necessary submission to the Competition Commission has been
submitted
and approval of the transaction is awaited; and
3. the audit of Thebe Tourism Group for the year ended 31 March 2006, on
which
the determination of the consideration will be based, is expected to be
finalised shortly, whereafter a detailed announcement of the terms and
conditions of the acquisition will be published.
Shareholders are therefore urged to continue to exercise caution in dealing
in
their shares until publication of the detailed announcement.
By order of the board
Johannesburg
7 August 2006
Corporate adviser to Cullinan
Lanark Financial Services
Auditors, due diligence advisers
and reporting accountants to Cullinan
BDO Spencer Steward (JHB) Inc
Chartered Accountants (SA)
Registered Accountants and Auditors
Attorneys to Cullinan
Mallinicks Attorneys
Sponsor
LPC Manhattan Moela
LPC Manhattan Moela (Pty) Ltd
(Registration number 2001/009215/07)
Corporate adviser to Thebe
Bridge Capital
Auditors and reporting accountants to Thebe
Nkonki Inc.
Attorneys to Thebe
Webber Wentzel Bowens
Due diligence advisers to Thebe
Ernst & Young
EY Corporate Finance (Pty) Ltd
(Registration number 2000/031575/07)
Date: 07/08/2006 11:09:34 AM Produced by the JSE SENS Department
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