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Rights Issue Update
We have previously announced to the market a non renounceable pro
rata rights issue for Options in Magna Pacific (Holdings) Limited.
The right to participate in this issue is for existing holders of
shares in the company as at the proposed record date of 27th April
2000.
Existing Optionholders of the company have until that date to be
classified (according to the Terms and Conditions of their Options)
as Shareholders of the company. We are however, asking Optionholders
if they intend to exercise their Options, to do so at the earliest
opportunity to enable the ratio of Options to Shares to be finalised.
J Vasyli
SECRETARY