RESULTS OF RIGHTS OFFER - NU-WORLD

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

SMK SECURITIES (PTY) LIMITED IS AUTHORISED TO ANNOUNCE THE RESULTS OF THE
NU-WORLD RIGHTS OFFER.

A TOTAL OF 1 387 653 NEW ORDINARY SHARES HAVE BEEN SUBSCRIBED FOR BY THE
SHAREHOLDERS OF NU-WORLD AND/OR THEIR RENOUNCEES AND EXCESS APPLICATIONS WERE
RECEIVED FOR 722 744 ADDITIONAL NEW ORDINARY SHARES. IN ADDITION THE

CONTROLLING SHAREHOLDERS OF THE COMPANY HAVE RENOUNCED THEIR TIGHTS TO THE
UNDERWRITERS IN TERMS OF AN AGREEMENT DATED 29 JANUARY 1998.  AS A RESULT, THE
RIGHTS OFFER WAS 123,0% SUBSCRIBED FOR.  THE UNDERWRITER OR ITS NOMINEE HAS
TAKEN UP 1 683 240 NEW ORDINARY  SHARES IN NU-WORLD.

AS ONLY 13 728 NEW ORDINARY SHARES WERE AVAILABLE TO SATISFY EXCESS

APPLICATIONS, IT WAS DECIDED TO ISSUE THESE SHARES ON A PRO RATA BASIS AT A
RATIO OF 1,89% PER EXCESS APPLICATION.  SHARE CERTIFICATES IN RESPECT OF THE
SHARES ISSUED AND REFUND CHEQUES IN RESPECT OF UNFULFILLED EXCESS APPLICATION
WILL BE POSTED TO THE RESPECTIVE SHAREHOLDERS ON FRIDAY, 20 MARCH 1998.
JOHANNESBUREG
19 MARCH 1998
SPONSORING BROKERS
SMK SECURITIES (PTY) LIMUTED
(REGISTRATION NUMBER 96/15589/07)
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
SOCIETE GENERALE FRANKEL POLLAK (PTY) LTD
(REGISTRATION NUMBER 96/05586/07)
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE