| 14-12-06 |
| ACQUISITION AND DISPOSAL Shareholders are informed that the following transactions have been signed in terms of the Group's ongoing rationalisation and growth objectives. Disposal of the Group`s remaining 50% share in Borbet South Africa (Pty) Limited to current investment partner Borbet Gmbh, a company incorporated in Germany. Acquisition of 80% of the shares in privately held Wade Walker (Pty) Limited, a medium-sized electrical and instrumentation engineering contractor serving the South African and regional industrial and mining sectors. The remaining 20% of the shares will be acquired from the current owners in terms of a performance contract covering the next three years. Both transactions remain subject to regulatory approvals and will have a limited impact on the Group`s financial results for the year to 30 June 2007. Johannesburg Sponsor |
