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7th May 2003
COMPLETION OF SALE OF RICHARDSON PACIFIC LIMITED (“RPL”)
TO LOCKER GROUP PTY LTD. (“LOCKER”)
We are pleased to announce that completion of the sale of RPL to Locker occurred late
yesterday.
We estimate that the sale of the RPL Group including the sale of the small Metal Systems
division, which was advised to the market on 1 April 2003, will result in a profit before tax
of approximately $10 million.
As a result of the sale Lemvest Limited now has in excess of $23 million in cash to pursue new
opportunities, and the Board will keep shareholders fully informed as these opportunities
unfold.
S.L. MASON
Company Secretary
7 May 2003
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