I-FUSION/BIDVEST - RESULTS OF OFFER

I-FUSION HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1983/013542/06)
("I-FUSION")
THE BIDVEST GROUP LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1946/021180/06)
("BIDVEST")

RESULTS OF THE OFFER BY BIDVEST TO ALL I-FUSION SHAREHOLDERS TO ACQUIRE ALL OR
A PORTION OF THEIR I-FUSION SHARES ("THE OFFER")

FURTHER TO THE ANNOUNCEMENT DATED 17 AUGUST 2000 AND THE CIRCULAR TO I-FUSION
SHAREHOLDERS DATED 15 JUNE 2000 ("THE CIRCULAR"), INVESTEC BANK LIMITED IS
AUTHORISED TO ANNOUNCE THAT I-FUSION SHAREHOLDERS HOLDING 20 300 179 I-FUSION
SHARES HAVE ACCEPTED THE OFFER AND I-FUSION SHAREHOLDERS HOLDING 18 924 446
I-FUSION SHARES HAVE ACCEPTED THE ALTERNATIVE OFFER AS DETAILED IN THE
CIRCULAR. AS A RESULT OF THESE ACCEPTANCES OF THE OFFERS AND THE SPECIFIC ISSUE
OF SHARES FOR CASH, BIDVEST NOW HOLDS 75,7% OF THE ISSUED SHARE CAPITAL IN
I-FUSION. I-FUSION WILL CONTINUE TO BE LISTED IN THE INDUSTRIAL - "INFORMATION
TECHNOLOGY" SECTOR OF THE JOHANNESBURG STOCK EXCHANGE LISTS.

I-FUSION SHAREHOLDERS ARE REMINDED THAT WITH EFFECT FROM THE CLOSE OF BUSINESS
ON FRIDAY, 8 SEPTEMBER 2000, ALL EXISTING I-FUSION SHARE CERTIFICATES ARE NO
LONGER GOOD FOR DELIVERY. ALL I-FUSION SHAREHOLDERS ARE THEREFORE REQUIRED TO
SURRENDER THEIR SHARE CERTIFICATES TO MERCANTILE REGISTRARS LIMITED, 7TH FLOOR,
11 DIAGONAL STREET, JOHANNESBURG, 2001 (PO BOX 1053, JOHANNESBURG, 2000) IN
ORDER TO RECEIVE NEW I-FUSION SHARE CERTIFICATES REFLECTING THE REDUCTION IN
PAR VALUE OF THE I-FUSION SHARES.
JOHANNESBURG
7 SEPTEMBER 2000
MERCHANT BANK
INVESTEC CORPORATE FINANCE
INVESTEC BANK LIMITED
(REGISTRATION NUMBER 1969/004763/06)
AUDITORS TO I-FUSION
KPMG
ATTORNEYS TO I-FUSION
WEBBER WENTZEL BOWENS
SPONSORING BROKERS
INVESTEC SECURITIES
INVESTEC SECURITIES LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
(REGISTRATION NUMBER 1972/008905/06)
MERRILL LYNCH SMITH BORKUM HARE
MERRILL LYNCH SOUTH AFRICA (PTY)LTD.
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NUMBER 1995/001805/07
SG SECURITIES (JOHANNESBURG) (PROPRIETARY) LIMITED
REGISTRATION NUMBER 1996/005841/07
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
INDEPENDENT ADVISER TO I-FUSION
BARNARD JACOBS MELLET * SECURITIES
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
BARNARD JACOBS MELLET SECURITIES (PTY)LTD.
REGISTRATION NUMBER 1987/000175/07
ATTORNEYS TO BIDVEST
WERKMANS
ATTORNEYS