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Omnia Holdings Limited - Information Release

Release Date: 27/09/2002 12:41:40      Code(s): OMN
OMNIA HOLDINGS LIMITED - INFORMATION RELEASE                                    
OMNIA HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1967/003680/06)                                           
Share Code: OMN                                                                 
ISIN Code: ZAE000005153                                                         
("Omnia" or the "Company")                                                      
INFORMATION RELEASE                                                             
Despite the turndown in world markets the outlook for the markets in which the  
Omnia Group does business looks bright.  The shortage of grain products in      
Southern Africa coupled with higher agricultural prices is expected to lead to  
increased maize plantings in South Africa with the resulting increase in        
fertilizer demand.  Demand for the Group`s Speciality Fertilizer products and   
services continue to gain momentum.  Our approach to improving the bottom line  
profitability of our farming clients by leveraging our intellectual capital and 
technology is proving its worth particularly in a world of increasing           
The outlook for mining explosives also looks positive with the development of   
new mines and in particular the growth within the platinum sector together with 
an improving gold price.  The chemicals business is also showing pleasing growth
with increased sales into the animal feeds sector.                              
The board advises that a material increase in Group earnings relative to the    
previous year`s comparable six month period is expected for this six month      
period ending 30 September 2002.  Although weather patterns are particularly    
unstable and unpredictable at the moment, it is expected that the improvement   
achieved in the six months to September 2002 will have a positive impact on the 
full year earnings ending March 2003.                                           
The sale of Alpha`s 34,5% equity stake in Omnia was successfully concluded in   
July 2002.  An analysis of the trading in Omnia shares subsequent to the release
of our annual results for the period ending 31 March 2002 shows a remarkable    
improvement in the trading turnover with some 4,6m shares or 11% of the         
company`s shares changing hands between 12 June 2002 and 17 September 2002.  An 
analysis of the Company`s shareholders also shows that one of the primary       
objectives, namely to increase liquidity in the Omnia shares by selling Alpha`s 
34,5% equity stake, has been met in that the number of public shareholders as   
interpreted by the JSE Securities Exchange South Africa increased from 20,80% at
the end of March 2002 to 54,01% at the end of August 2002.                      
We would also like to take this opportunity to welcome Frank Butler who was     
voted on to the Board today as a new independent non-executive director.  Frank 
brings years of experience in corporate risk management, having been the CEO of 
CRM International Group (now Alexander Forbes Business Risk Solutions) a leading
provider of risk management solutions.  He also brings a good deal of           
international and general business experience.  We look forward to the          
contribution that Frank will undoubtedly make in this new exciting growth phase 
that the Omnia Group is entering.                                               
27 September 2002                                                               
Date: 27/09/2002 12:38:25 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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