SALIENT DATES OF THE RIGHTS OFFER - NU-WORLD

NU-WORLD HOLDINGS LIMITED
(REGISTRATION NUMBER 68/02490/06)
("NU-WORLD" OR "THE COMPANY")
SALIENT DATES OF THE RIGHTS OFFER

SMK SECURITIES (PTY) LIMITED IS AUTHORISED TO ANNOUNCE:
1. GRANTING OF LISTINGS

THE JOHANNESBURG STOCK EXCHANGE ("THE JSE") HAS GRANTED LISTINGS OF 3 084 621
RENOUNCEABLE (NIL PAID) LETTERS OF ALLOCATION ("LETTERS OF ALLOCATION") AND THE
NEW ORDINARY SHARES ("THE SHARES") ARISING FROM THE RIGHTS OFFER OF 3 084 621
NEW ORDINARY SHARES AT A SUBSCRIPTION PRICE OF 2 400 CENTS PER NEW ORDINARY
SHARE TO BE UNDERTAKEN BY NU-WORLD TO RAISE APPROXIMATELY R74 MILLION IN THE
RATIO OF 17 NEW ORDINARY SHARES FOR EVERY 100 ORDINARY SHARES HELD.
2. SALIENT DATES OF THE RIGHTS OFFER

                                                       1998

LAST DAY FOR SHAREHOLDERS TO REGISTER FOR THE RIGHTS

OFFER                                                  FRIDAY, 13 FEBRUARY
EXISTING ORDINARY SHARES LISTED EX-RIGHTS              MONDAY, 16 FEBRUARY
LISTING OF AND DEALINGS IN LETTERS OF ALLOCATION

COMMENCES ON THE JSE                                   MONDAY, 16 FEBRUARY
THE RIGHTS OFFER OPENS AT 09:30 ON                     FRIDAY, 20 FEBRUARY
POSTING OF LETTERS OF ALLOCATION AND RIGHTS OFFER

CIRCULAR                                               FRIDAY, 20 FEBRUARY
LAST DAY FOR DEALING IN LETTERS OF ALLOCATION ON THE

JSE                                                    WEDNESDAY, 11 MARCH
LAST DAY FOR SPLITTING LETTERS OF ALLOCATION BY 14:30  THURSDAY, 12 MARCH
LISTING OF NEW ORDINARY SHARES COMMENCES ON THE JSE    THURSDAY, 12 MARCH
RIGHTS OFFER CLOSES - LAST DAY FOR PAYMENT TO BE

MADE BY 14:30                                          FRIDAY, 13 MARCH
LAST DAY FOR RECEIPT OF LATE ACCEPTANCES, SUBJECT

TO A POSTMARK OF NOT LATER THAN FRIDAY, 13 MARCH 1998  WEDNESDAY, 18 MARCH
NEW SHARE CERTIFICATES POSTED BY                       FRIDAY, 20 MARCH
3. DOCUMENTATION

COPIES OF THE RIGHTS OFFER CIRCULAR INCLUDING THE LETTER OF ALLOCATION WILL BE
AVAILABLE FOR INSPECTION DURING NORMAL BUSINESS HOURS FROM FRIDAY, 20 FEBRUARY
1998 AT THE OFFICES OF:

(A) NU-WORLD, 35-3RD STREET, WYNBERG, SANDTON, 2199; AND

(B) SMK SECURITIES (PTY) LIMITED, 5TH FLOOR, THE JOHANNESBURG STOCK EXCHANGE,
17 DIAGONAL STREET, JOHANNESBURG, 2001.
JOHANNESBURG
11 FEBRUARY 1998
SPONSORING BROKERS
SMK SECURITIES
SOCIETE GENERALE FRANKEL POLLAK