SOUTHERNERA (t.SUF) Message Board

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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: OnSide who wrote (5590)	2/8/2000 11:42:00 AM
From: Goalie	Read Replies (1) of 7235

MESSINA LIMITED (INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA) (REGISTRATION NUMBER 05/35912/06) ("MESSINA") FURTHER CAUTIONARY ANNOUNCEMENT SHAREHOLDERS ARE REFERRED TO THE CAUTIONARY ANNOUNCEMENTS PUBLISHED ON 16 APRIL, 28 JULY AND 8 DECEMBER 1999, RELATING TO THE DISPOSAL BY MESSINA HOLDINGS LIMITED, A WHOLLY-OWNED SUBSIDIARY OF IMPALA PLATINUM HOLDINGS LIMITED, OF ITS ENTIRE SHAREHOLDING IN MESSINA (54%) TO SOUTHERNERA RESOURCES LIMITED ("SOUTHERNERA") FOR A CONSIDERATION OF APPROXIMATELY R9,20 PER MESSINA SHARE ("THE DISPOSAL"). IT IS NOW ANTICIPATED THAT THE LAST OF THE REMAINING CONDITIONS PRECEDENT RELATING TO THE DISPOSAL, BEING THE PROVISION OF A GUARANTEE TO THE SECURITIES REGULATION PANEL THAT SOUTHERNERA WILL HAVE THE FUNDS AVAILABLE TO SATISFY ITS OBLIGATIONS IN TERMS OF A MANDATORY OFFER TO MINORITIES, WILL BE FULFILLED BY 29 FEBRUARY 2000. ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO CONTINUE TO EXERCISE CAUTION WHEN DEALING IN MESSINA SHARES UNTIL A FURTHER ANNOUNCEMENT IS MADE. JOHANNESBURG 7 FEBRUARY 2000

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