Jumbo Corporation Letter to Shareholders: Extension - Share Offer Scheme Date

Jun 20, 2002

Document date: Thu 20 Jun 2002 Published: Thu 20 Jun 2002 16:11:22 Document No: 147112 Document part: A Market Flag: N Classification: Issued Capital - Other , Letter to Shareholders   JUMBO CORPORATION LIMITED                                                    2002-06-20           ASX-SIGNAL-G HOMEX - Brisbane +++++++++++++++++++++++++ Please be advised that the directors of Jumbo Corporation Limited have resolved to extend the closing date for the Company's Share Offer Scheme announced to ASX on 14 May 2002. The original closing date was Friday 21 June 2002. The new closing date is Friday 26 July 2002. The Company will write to each shareholder advising them of the extension. A copy of the letter to shareholders is attached.   M Veverka DIRECTOR & CEO     LETTER TO SHAREHOLDERS   EXTENSION OF TIME RE SHARE PURCHASE OFFER   On 14 May 2002 Jumbo Corporation Limited announced a Share Purchase Offer Scheme under which shareholders were offered the opportunity to acquire between $250 and $3,000 worth of shares in the Company at 2.5 cents per share. This offer is free of any brokerage costs and the shares can be traded without restriction. Purchasing shares under this share purchase offer will benefit the company (as outlined below) and will give you access to shares that may be difficult to obtain on the market. Documents were mailed to you concerning this offer on 23 May 2002 and the closing date was set at Friday 21 June 2002. In order to give shareholders every opportunity to apply for shares the directors have decided to extend the offer period. The new closing date is now Friday 26 July 2002. The principal use of the funds to be raised by this share offer will be to continue expansion of the various Jumbo websites and to allow acquisitions in the online industry should they arise. Since making the announcement concerning the share offer on 14 May, Jumbo Corporation has made 3 positive business growth announcements to ASX, namely: 1) 49% increase in turnover over the previous quarter (21 May 2002) 2) Expansion of Jumbo's online computer hardware business with an acquisition (29 May 2002) 3) Expansion into online fragrances with an agreement with FragranceNet Inc of New York USA (13 June 2002) 4) Further expansion into online cosmetics with an agreement with a Hong Kong firm (20 June 2002). Your directors believe the Company's Share Purchase Offer to be attractive and recommend it to you. If you wish to discuss this matter or have any questions concerning the Company please do not hesitate to contact Mike Veverka, CEO, on 07-3831-3705.   M Veverka CEO Jumbo Corporation Limited

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