NU-WORLD - RESULTS OF CAPITALISATION AWARD

NU-WORLD HOLDINGS LIMITED
(REGISTRATION NUMBER 68/02490/06)
("NU-WORLD")
RESULTS OF CAPITALISATION AWARD

THE AWARD OF CAPITALISATION SHARES TO NU-WORLD ORDINARY SHAREHOLDERS REGISTERED
ON FRIDAY, 6 NOVEMBER 1998, DETAILS OF WHICH WERE SET OUT IN A CIRCULAR TO
NU-WORLD ORDINARY SHAREHOLDERS DATED FRIDAY, 13 NOVEMBER 1998, CLOSED ON
FRIDAY, 4 DECEMBER 1998.

ON MONDAY, 19 OCTOBER 1998, IT WAS ANNOUNCED THAT NU-WORLD SHAREHOLDERS MAY
ELECT TO RECEIVE A CASH DIVIDEND OF 15,5 CENTS PER NU-WORLD ORDINARY SHARE AND
CONSEQUENTLY SUCH DIVIDEND IS PAYABLE ONLY ON THOSE SHARES IN RESPECT OF WHICH
THE ELECTION HAS BEEN MADE TO RECEIVE THE CASH DIVIDEND.

ELECTIONS TO RECEIVE THE CASH DIVIDEND WERE MADE IN RESPECT OF 8 229 880
NU-WORLD ORDINARY SHARES, BEING 38,77% OF THE NU-WORLD ORDINARY SHARES IN
ISSUE.  ACCORDINGLY, 97 305 NEW NU-WORLD ORDINARY SHARES WILL BE ISSUED AND
LISTED ON THE JOHANNESBURG STOCK EXCHANGE WITH EFFECT FROM THE COMMENCEMENT OF
BUSINESS ON THURSDAY, 10 DECEMBER 1998.

SHARE CERTIFICATES IN RESPECT OF NEW NU-WORLD ORDINARY SHARES AND

DIVIDEND/FRACTION CHEQUES WILL BE DESPATCHED TO NU-WORLD SHAREHOLDERS AT THEIR
RISK TODAY.
JOHANNESBURG
8 DECEMBER 1998
JOINT SPONSORING BROKERS
SG FRANKEL POLLAK SECURITIES (PTY) LTD
REG. NO. 96/05886/07
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
BOE SECURITIES (PTY) LIMITED
REGISTRATION NUMBER 96/15589/07
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE