BIDVEST / LITHOTEC - RESULTS OF THE OFFER

THE BIDVEST GROUP LIMITED
(REGISTRATION NUMBER 05/21180/06)
("BIDVEST")(FORMERLY LITHOSAVER SYSTEMS LIMITED)
(REGISTRATION NUMBER 69/15643/06)
("LITHOTECH")
RESULTS OF THE OFFER
RESULTS

THE OFFER BY BIDVEST TO ACQUIRE THE LITHOTECH SHARES NOT HELD BY BIDVEST ("THE
OFFER") HAS BEEN ACCEPTED BY LITHOTECH SHAREHOLDERS HOLDING 22 263 229
LITHOTECH SHARES, REPRESENTING 94.8% OF THE LITHOTECH SHARES WHICH WERE SUBJECT
TO THE OFFER.

AS A CONSEQUENCE OF THE ACCEPTANCES BIDVEST NOW HOLDS 97.4% OF THE LITHOTECH
SHARES IN ISSUE.

AS THE OFFER HAS BEEN ACCEPTED IN RESPECT OF MORE THAN NINE-TENTHS OF THE
LITHOTECH SHARES WHICH WERE SUBJECT TO THE OFFER, BIDVEST NOW INTENDS TO
IMPLEMENT THE PROVISIONS OF SECTION 440K OF THE COMPANIES ACT, 1973 AS AMENDED
("THE ACT") AND COMPULSORILY ACQUIRE THE REMAINING LITHOTECH SHARES FROM THE
LITHOTECH MINORITY SHAREHOLDERS WHO HAVE NOT ACCEPTED THE OFFER ON THE SAME
TERMS AND CONDITIONS AS CONTAINED IN THE OFFER ("THE COMPULSORY ACQUISITION").
A CIRCULAR TO HOLDERS OF THE REMAINING LITHOTECH SHARES REGARDING THE

COMPULSORY ACQUISITION, INCORPORATING A NOTICE BY BIDVEST IN TERMS OF THE ACT
AND CONTAINING A FORM OF SURRENDER AND TRANSFER ("SURRENDER FORM") IS IN THE
COURSE OF PREPARATION AND WILL BE POSTED ON OR ABOUT THURSDAY,
11 FEBRUARY 1999.
STOCK EXCHANGE LISTING

APPLICATION HAS BEEN MADE TO THE COMMITTEE OF THE JOHANNESBURG STOCK EXCHANGE
("THE JSE") TO SUSPEND THE LISTING OF LITHOTECH SHARES WITH EFFECT FROM THE
CLOSE OF BUSINESS ON MONDAY,

15 FEBRUARY 1999. APPLICATION HAS ALSO BEEN MADE TO TERMINATE THE LISTING OF
LITHOTECH'S SHARES ON THE JSE WITH EFFECT FROM THE CLOSE OF BUSINESS ON
THURSDAY, 25 MARCH 1999, UNLESS THE HIGH COURT OF SOUTH AFRICA GRANTS AN ORDER
AS CONTEMPLATED IN SECTION 440K(1)(A) OF THE ACT TO THE EFFECT THAT BIDVEST IS
NOT ENTITLED TO ACQUIRE THE REMAINING LITHOTECH SHARES.
SURRENDER

THE BIDVEST SHARES, WHICH LITHOTECH MINORITY SHAREHOLDERS ARE ENTITLED TO
FOLLOWING THE COMPULSORY ACQUISITION, WILL BE POSTED WITHIN SEVEN DAYS OF
RECEIPT BY THE TRANSFER SECRETARIES OF DULY COMPLETED SURRENDER FORMS
ACCOMPANIED BY THE RELEVANT LITHOTECH SHARES.
9 FEBRUARY 1999
JOHANNESBURG
MERCHANT BANK
INVESTEC BANK LIMITED
(REG NO 69/04763/06)
ATTORNEYS TO BIDVEST
WERKSMANS ATTORNEYS
ATTORNEYS TO LITHOTECH
FLUXMAN RABINOWITZ RAPHAELY WEINER ATTORNEYS
SPONSORING BROKERS
MERRILL LYNCH SOUTH AFRICA (PTY) LTD.
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REG. NO. 95/01805/07
HSBC SIMPSON MCKIE (PTY) LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REG. NO. 84/01736/07
SG FRANKEL POLAK SECURITIES (PTY) LTD
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
INVESTEC SECURITIES LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
(REG. NO. 72/08905/06)