Laurus' shareholders' equity positive per 9 July

Further to the earlier press release of today, Laurus confirms that the first closing of the transaction with Casino Guichard-Perrachon (“Casino”) and ABN AMRO Bank, ING Bank and Rabobank (the “Banks”) has been completed today, Tuesday, 9 July 2002. 222,222,222 shares have been issued to Casino and 71,577,252 shares have been issued to the Banks, both against payment of the issue price of € 0.90 per share in cash.

Following the completion of these share placements, Laurus has a positive shareholdersÂ' equity of at least € 5 mln as required by the Listing Rules of Euronext Amsterdam. Therefore, Laurus has requested Euronext Amsterdam to lift the listing measure (“penalty bench”) taken by it on 17 May, 2002.

For further details on the transaction, the listing of 444,444,444 shares and the offering of 150,644,970 shares, Laurus refers to todayÂ's earlier press release and the prospectus in the English language, dated 9 July 2002.

(source: Laurus)

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