TRUWORTHS INTERNATIONAL - RESULTS OF CAP AWARD

TRUWORTHS INTERNATIONAL LIMITED ("TI")
REGISTRATION NUMBER 05/17491/06

RESULTS OF CAPITALISATION AWARD OF AND RIGHT OF ELECTION TO RECEIVE A FINAL
DIVIDEND OF 6,0 CENTS PER SHARE IN LIEU THEREOF

THE RIGHT OF ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON
FRIDAY, 5 MARCH 1999 TO ELECT TO RECEIVE THE FINAL CASH DIVIDEND OF 6,0 CENTS
PER ORDINARY SHARE ("THE ORDINARY SHARES") INSTEAD OF THE AWARD OF

CAPITALISATION SHARES, CLOSED AT 12:00 ON THURSDAY, 1 APRIL 1999.

ELECTIONS TO RECEIVE THE FINAL CASH DIVIDEND OF 6,0 CENTS PER SHARE WERE MADE
IN RESPECT OF 90 623 969 ORDINARY SHARES RESULTING IN THE DECLARATION OF A
TOTAL DIVIDEND OF R5 437 438. ACCORDINGLY, 3 510 480 NEW ORDINARY SHARES ("THE
NEW ORDINARY SHARES") OUT OF A POSSIBLE 4 413 438 NEW ORDINARY SHARES ARE TO BE
ISSUED PURSUANT TO THE CAPITALISATION SHARE AWARD, BEING A 79,6% ACCEPTANCE OF
SUCH AWARD.

FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES THE ISSUED ORDINARY SHARE
CAPITAL OF  TI WILL CONSIST OF 448 493 066 ORDINARY SHARES OF 0,015 CENT EACH.
LISTING OF NEW ORDINARY SHARES

THE LISTING OF 3 510 480 NEW ORDINARY SHARES IN TI WILL COMMENCE ON THE
JOHANNESBURG STOCK EXCHANGE AND THE NAMIBIAN STOCK EXCHANGE FROM THE
COMMENCEMENT OF BUSINESS ON MONDAY, 12 APRIL 1999.
POSTING OF SHARE CERTIFICATES AND CHEQUES

SHARE CERTIFICATES IN RESPECT OF THE NEW ORDINARY SHARES AND CHEQUES IN RESPECT
OF DIVIDENDS AND/OR PAYMENTS IN LIEU OF FRACTIONAL ENTITLEMENTS TO THE NEW
ORDINARY SHARES WILL BE POSTED TO THE RELEVANT SHAREHOLDERS ON OR ABOUT MONDAY,
12 APRIL 1999. THIS WILL, HOWEVER, NOT APPLY WHERE SUCH CASH ENTITLEMENTS ARE
LESS THAN FIVE HUNDRED CENTS. FRACTIONS OF SHARES, OR DIVIDENDS WITH A VALUE OF
LESS THAN FIVE HUNDRED CENTS PER SHAREHOLDER PER TRANSACTION WILL BE AGGREGATED
AND, IN THE INSTANCE OF FRACTIONS OF SHARES, SOLD ON THE JSE AND THE PROCEEDS
DONATED TO A REGISTERED CHARITY APPROVED BY THE DIRECTORS OF TI.
CAPE TOWN
9 APRIL 1999