Further to the cautionary announcement published on February 23, 2010 informing the shareholders of the Mauritius Union Assurance Company limited (MUA) and the public in general that it is considering the acquisition of the insurance activities of La Prudence Mauricienne Assurances Limitée (LPM), and following several articles which were published since in the local press and media, MUA wishes to restate and inform its shareholders and the investing public of the following facts:
- The Financial Services Commission has been informed that the acquisition is under discussion.
- In the meantime, a due diligence exercise is being carried out.
- Consequently, MUA wishes to reiterate its advice to the shareholders and the investing public to continue exercising caution in dealing with the shares of the Company.
- Lastly, the Company invites the shareholders and the public to base their present and future investment decisions exclusively on the Company’s Official Communiqués and/or announcements which will be published, once the regulatory approval is obtained.
By order of the Board Gilbert Poisson
Company Secretary
March 4, 2010
This Communiqué is made pursuant to Listing Rule 11.3.
The Board of Directors of the Mauritius Union Assurance Company Limited accepts full responsibility for the accuracy of the information contained above.
