Sharenet Sites 
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KWR - Kiwara Plc - calculation and payment of scheme consideration to Kiwara shareholders on the SA register Kiwara plc (Incorporated in the United Kingdom) Registration number: 01760458 JSE: KWR ISIN: GB0007702953 ("Kiwara" or the "Company") CALCULATION AND PAYMENT OF SCHEME CONSIDERATION TO KIWARA SHAREHOLDERS ON THE SA REGISTER Further to the news release dated 29 January 2010 regarding the Scheme becoming become effective, the consideration payable to Shareholders on the SA Register has been remitted to the South African Transfer Secretaries. The consideration due under the Scheme to Scheme Shareholders consists of 0.0085 New First Quantum Shares and 37.5 pence for every Scheme Share. In accordance with a ruling by the exchange control department of SARB, the New First Quantum Shares shall be issued to a person or persons appointed by the Company who shall hold such shares as nominee for the Shareholder and shall sell the shares and remit the net cash proceeds of the sale pro rata to such Shareholder. The payment now due to Shareholders on the SA Register is as follows: * In respect of the cash payment of 37.5 pence for every Scheme Share: R4.515255, calculated at an exchange rate of R12.04068. Payment will be made and Dematerialised Scheme Shareholders` accounts (held at their CSDP or broker) updated on Tuesday, 9 February, and * In respect of the sale of New First Quantum Shares as set out above: R522.03 per New First Quantum Share, calculated at a price per New First Quantum Share of GBP43.35 per share and an exchange rate of R12.04241. Payment will be made at a date to be announced. In accordance with the requirements of the JSE, the listing of Kiwara Shares on the JSE is expected to terminate with effect on the commencement of business on 10 February 2010, subject to payment being made in terms of the second bullet above. Any capitalised term used but not defined in this announcement is as defined in the shareholder circular relating to the Scheme dated 18 December 2009. 08 February 2010 On Behalf of the Board of Directors Kiwara Plc Colin Bird Executive Chairman Enquiries: Date: 08/02/2010 15:39:09 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
