Kumba - CAUTIONARY ANNOUNCEMENT
Kumba Resources Limited
(Incorporated in the Republic of South Africa)
Share code: KMB ISIN : ZAE 4034310
(Registration number 2000/011076/06)
("Kumba" or the "company")
CAUTIONARY ANNOUNCEMENT
Shareholders of Kumba are advised that it has come to the attention of the
company that Deutsche Securities (Proprietary) Limited has entered into a
transaction with Anglo American Corporation of South Africa Limited ("Anglo"),
in terms of which Anglo has the right to acquire a further 27 587 176 shares,
comprising 9,29% of the issued share capital of Kumba, subject to Anglo securing
such competition and regulatory approvals as it in its sole discretion
determines are required.
Anglo currently holds a 9,61% stake in Kumba and has an option to acquire a
further 10,47% through its proposed acquisition of Stimela Mining Limited, which
is currently the subject of an application to the competition authorities. If
successful, this could result in Anglo holding a 29,37% stake in Kumba.
Shareholders are advised to exercise caution when dealing in the company`s
securities until a full announcement is made.
Pretoria
22 November 2002
Sponsor
JPMorgan
Date: 22/11/2002 04:32:00 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
