RESULTS OF THE SEKUNJALO EMPOWERMENT OFFER

SEKUNJALO INVESTMENTS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 96/06093/06)
("SEKUNJALO")
RESULTS OF THE SEKUNJALO EMPOWERMENT OFFER
1. INTRODUCTION

STANDARD CORPORATE AND MERCHANT BANK IS AUTHORISED TO ANNOUNCE THE RESULTS OF
THE EMPOWERMENT OFFER TO HISTORICALLY DISENFRANCHISED PERSONS OF THE SOUTH
AFRICAN PUBLIC OF 5 000 000 SEKUNJALO OPTIONS WHICH WERE OFFERED FOR SALE AT A
PRICE OF 40 CENTS PER OPTION. EACH OPTION ENTITLES THE HOLDER THEREOF TO
SUBSCRIBE FOR ONE B ORDINARY SHARE IN SEKUNJALO ON 22 MAY 2002 AT AN ISSUE
PRICE OF 230 CENTS PER B ORDINARY SHARE.
2. RESULTS OF THE EMPOWERMENT OFFER

APPLICATIONS WERE RECEIVED FOR 3 830 750 OPTIONS AND AS SUCH THE OPTIONS
APPLIED FOR WERE ALLOTTED IN FULL TO ALL APPLICANTS.
3. DOCUMENTS OF TITLE

APPLICANTS ARE REMINDED THAT THE OPTION CERTIFICATES WILL BE HELD BY, AND IN
THE NAME OF, SEKUNJALO NOMINEES (PROPRIETARY) LIMITED ("SEKUNJALO NOMINEES") AS
NOMINEE FOR THE APPLICANT. THE OPTIONS WILL NOT BE LISTED AND MAY NOT BE SOLD,
TRANSFERRED, PLEDGED OR IN ANY OTHER WAY DISPOSED OF OR ENCUMBERED.

DECLARATIONS OF TRUST, CONFIRMING THE NUMBER OF OPTIONS HELD BY SEKUNJALO
NOMINEES AS NOMINEE FOR EACH APPLICANT, WILL BE POSTED BY FRIDAY, 11 JUNE 1999.
CAPE TOWN
31 MAY 1999
MERCHANT BANK
SCMB
STANDARD CORPORATE AND MERCHANT BANK

(A DIVISION OF THE STANDARD BANK OF SOUTH AFRICA LIMITED)
(REGISTRATION NUMBER 62/00738/06)
JOINT SPONSORING BROKERS
STANDARD EQUITIES (PTY) LIMITED
(REGISTRATION NUMBER 72/08305/07)
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
LEGAE SECURITIES (PTY) LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NUMBER 96/09555/07