EXTENSION OF THE CLOSING DATE FOR THE CONDITIONAL OFFER BY BIDVEST

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")

EXTENSION OF THE CLOSING DATE FOR THE CONDITIONAL 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 11 JULY 2000 AND THE CIRCULAR TO I-FUSION
SHAREHOLDERS DATED 15 JUNE 2000 ("THE CIRCULAR"), INVESTEC BANK LIMITED IS
AUTHORISED TO ANNOUNCE THAT THE BOARD OF DIRECTORS OF BIDVEST ARE STILL
AWAITING THE FULFILMENT OF THE CONDITIONS PRECEDENT TO WHICH THE OFFER IS STILL
SUBJECT, NAMELY INTER ALIA, THE GRANTING OF COMPETITION COMMISSION APPROVAL.
ACCORDINGLY, THE BOARD HAS DECIDED TO EXTEND THE CLOSING DATE OF THE OFFER TO
THE CLOSE OF BUSINESS ON FRIDAY, 18 AUGUST 2000, IN ORDER TO ALLOW MORE TIME
FOR THE FULFILMENT OF THE OUTSTANDING CONDITIONS PRECEDENT.

ALL REFERENCES IN THE CIRCULAR TO THE CLOSING DATE AND TIME SHOULD BE READ AS
CLOSE OF BUSINESS ON FRIDAY, 18 AUGUST 2000.

A FURTHER ANNOUNCEMENT REGARDING THE RECEIPT OF THE COMPETITION COMMISSION
APPROVAL AND THE REVISED SALIENT DATES AND TIMES OF THE OFFER WILL BE PUBLISHED
IN DUE COURSE.
JOHANNESBURG
25 JULY 2000
MERCHANT BANK
  INVESTEC CORPORATE FINANCE
  INVESTEC BANK LIMITED
  (REGISTRATION NUMBER 1969/004763/06)
SPONSORING BROKERS
  INVESTEC SECURITIES LIMITED
  MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
  REGISTRATION NO. 1972/008905/06
  MERRILL LYNCH SOUTH AFRICA (PTY) LTD
  MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
  REGISTRATION NUMBER 1995/001805/07

  SG SECURITIES (JOHANNESBURG) (PROPRIETARY) LIMITED
  REG. NO. 96/05841/07
  (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
AUDITOR TO I-FUSION
  KPMG
  REGISTERED CHARTERED ACCOUNTANTS (SA)
INDEPENDENT ADVISER TO I-FUSION
  BARNARD JACOBS MELLET * SECURITIES (PTY) LTD.
  MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
  (REGISTRATION NUMBER 1987/000175/07)
ATTORNEYS TO I-FUSION
  WEBBER WENTZEL BOWENS
ATTORNEYS TO BIDVEST
  WERKSMANS ATTORNEYS