Pan African Resources PLCLSE: PAF

Company Strategy

· Issued by Pan African Resources PLC
Viking Internet PLC 21 February 2001 VIKING INTERNET PLC News Release For immediate release Following the announcement on 16 February 2001 regarding the termination of discussions with Drax, the directors wish to announce that the company's strategy remains as set out in its announcement of 6 December 2000. The directors continue to believe that the best use of Viking's cash and public listing is by acquiring a single company with growth potential, and will continue to look for opportunities to enhance shareholder value.

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