Gencor Limited - Announcement30 Sep 2002
Gencor Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1895/001232/06)                                            
Share Code: GMF   ISIN: ZAE000013066)                                           
Attorneys acting for Gencor have received a copy of an intended application for 
an urgent interdict to prevent the holding of the general meeting of Gencor     
shareholders scheduled for Wednesday 2 October 2002.  The general meeting had   
been called to consider the unbundling of the shares Gencor holds in Impala     
Platinum Holdings Limited ("the unbundling"). The applicants also intend seeking
an interdict to prevent the unbundling.                                         
The notice was delivered to Gencor`s attorneys at 11:45 pm on Friday night, but 
has not yet been lodged in the High Court.  Gencor has been informed that the   
notice of motion will be lodged today, 30 September 2002, and that the          
application is due to be heard on Tuesday 1 October 2002.                       
The application is to be brought on behalf of claimants who allegedly contracted
asbestos-related diseases while working on mines in which Gencor had an         
interest.  Gencor, which sold these interests in 1988, has legal advice,        
including the advice of senior counsel, that it is not liable under South       
African law for any of the claims.                                              
Although attorneys for the claimants allege that they act on behalf of a large  
number of potential claimants, the notice of motion contains no new particulars 
of claim beyond the 37 claims already lodged and of which shareholders have     
already been informed.                                                          
A further announcement will be made as soon as Gencor is in a position to do so.
30 September 2002                                                               
Date: 30/09/2002 09:53:00 AM Produced by the JSE SENS Department