TREMATON - ACQUISITION OF 50% OF UNISCHOOL (PTY) LTD

TREMATON CAPITAL INVESTMENTS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 97/08691/06)
("TREMATON")
ACQUISITION OF 50% OF UNISCHOOL (PTY) LTD
INTRODUCTION

TREMATON IS PLEASED TO ANNOUNCE AN INVESTMENT OF R7,0 MILLION INTO UNISCHOOL
(PTY) LTD FOR A 50% SHAREHOLDING IN THAT COMPANY. THE REMAINING 50% OF THE
SHARES IN UNISCHOOL WILL BE HELD BY THE FOUNDERS, KARL FISCHER, MATTHEW
BLEWETT, CRAIG BLEWETT, LEE GIBSON AND DEWALD ROODE.
NATURE OF BUSINESS

UNISCHOOL WAS FORMED IN APRIL 1993 AND HAS GROWN TO BECOME ONE OF THE LARGEST,
PRIVATE COMPUTER LITERACY TRAINING BUSINESSES IN SOUTH AFRICA. IT SPECIALISES
IN THE PROVISION OF ENTRY LEVEL INFORMATION TECHNOLOGY PROGRAMMES AND

SUPPLEMENTS THESE WITH MORE ADVANCED IT TRAINING COURSES.

UNISCHOOL IS AFFILIATED TO LEADING SOUTH AFRICAN UNIVERSITIES WHO TOGETHER WITH
NATIONAL STANDARDS BODIES HAVE ENDORSED UNISCHOOL COURSES. UNISCHOOL COURSES
ARE RUN IN ALL MAJOR CENTRES THROUGHOUT SOUTH AFRICA.
STRATEGY

A CHRONIC SHORTAGE OF IT SKILLS BOTH WITHIN SOUTH AFRICA AND INTERNATIONALLY
PRESENTS CONSIDERABLE GROWTH OPPORTUNITIES FOR IT TRAINING BUSINESSES.
FOLLOWING THE INJECTION OF EQUITY CAPITAL BY TREMATON, UNISCHOOL WILL HAVE
FUNDS AVAILABLE FOR THE ACQUISITION OF BUSINESSES WITH A SIMILAR FOCUS ON
INFORMATION TECHNOLOGY SKILLS TRAINING.

UNISCHOOL WILL ALSO BE LOOKING TO ESTABLISHING A PLACEMENT SERVICE FOR ITS
STUDENTS AND TO EXPLOIT OPPORTUNITIES FOR ITS TRAINING COURSES OVERSEAS.
ONCE THE ACTIVITIES OF UNISCHOOL HAVE REACHED SUFFICIENT CRITICAL MASS, IT
INTENDS TO LIST ON THE JOHANNESBURG STOCK EXCHANGE.
MANAGEMENT

UNISCHOOL IS MANAGED BY KARL FISCHER WHO IS WELL EXPERIENCED IN INFORMATION
SKILLS TRAINING.

TREMATON'S THREE EXECUTIVE DIRECTORS WILL BE APPOINTED TO THE UNISCHOOL BOARD
AND WILL ASSIST IN THE IDENTIFICATION AND EVALUATION OF BUSINESS ACQUISITION
OPPORTUNITIES AND IN THE DEVELOPMENT OF UNISCHOOL.
FINANCIAL EFFECTS OF THE ACQUISITION

THE EFFECTIVE DATE OF ACQUISITION OF THE SHAREHOLDING IN UNISCHOOL IS 1
SEPTEMBER 1998.

HAD THE INVESTMENT IN UNISCHOOL BEEN HELD FOR THE PAST FINANCIAL YEAR, IT WOULD
NOT HAVE HAD A MATERIAL IMPACT ON THE EARNINGS PER SHARE OR NET ASSET VALUE OF
TREMATON.
DURBAN
10 NOVEMBER 1998
SPONSORING BROKER
MERRILL LYNCH
SMITH BORKUM HARE
MERRILL LYNCH SOUTH AFRICA (PTY) LTD.
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REG. NO. 95/01805/07