The Board of Directors of the Mauritius Union Assurance Company Limited (MUA) wishes to inform the shareholders of MUA and the public in general that it is considering the acquisition of the insurance activities of La Prudence Mauricienne Assurances Limitée, subject to the necessary regulatory approval. The Board is of the opinion that the proposed acquisition is in the line with the previously announced strategy to further develop MUA Group’s activities and seize growth opportunities. This will not only create synergies but also create value for MUA shareholders in the future.
Shareholders and the investing will be kept informed of further development and are advised to exercise caution in dealing with the shares of MUA.
By order of the Board Gilbert Poisson
Company Secretary
February 23, 2010
This Cautionary announcement 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 in this Cautionary announcement.
