TRUWORTHS INTERNATIONAL RESULTS OF CAPITALISATION SHARE AWARD

TRUWORTHS INTERNATIONAL

THE RIGHT OF TI'S ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON
FRIDAY, 3 SEPTEMBER 1999 TO ELECT TO RECEIVE THE FINAL CASH DIVIDEND OF 6,5
CENTS PER ORDINARY SHARE INSTEAD OF THE AWARD OF CAPITALISATION SHARES, CLOSED
AT 12:00 ON FRIDAY, 1 OCTOBER 1999.

ELECTIONS TO RECEIVE THE FINAL CASH DIVIDEND WERE MADE IN RESPECT OF 241 508
901 ORDINARY SHARES RESULTING IN THE DECLARATION OF A TOTAL DIVIDEND OF R15 698
079. ACCORDINGLY, 2 626 514 NEW ORDINARY SHARES ("THE NEW ORDINARY SHARES") OUT
OF A POSSIBLE ACCEPTANCE OF 5 691 161 ORDINARY SHARES, ARE TO BE ISSUED
PURSUANT TO THE CAPITALISATION SHARE AWARD, BEING A 46,15% ACCEPTANCE OF SUCH
AWARD.

FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES THE ISSUED ORDINARY SHARE
CAPITAL OF TI WILL CONSIST OF 451 137 580 ORDINARY SHARES OF 0,015 CENT EACH.
LISTING OF NEW ORDINARY SHARES

THE LISTING OF THE NEW ORDINARY SHARES IN TI WILL COMMENCE ON THE JOHANNESBURG
STOCK EXCHANGE AND THE NAMIBIAN STOCK EXCHANGE FROM THE START OF BUSINESS ON
WEDNESDAY, 13 OCTOBER 1999.
POSTING OF SHARE CERTIFICATES AND CHEQUES

SHARE CERTIFICATES IN RESPECT OF THE NEW ORDINARY SHARES AND CHEQUES IN RESPECT
OF DIVIDENDS AND/OR PAYMENTS EXCEEDING FIVE HUNDRED CENTS IN LIEU OF FRACTIONAL
SHARE OR DIVIDEND ENTITLEMENTS WILL BE POSTED TO THE RELEVANT SHAREHOLDERS ON
OR ABOUT MONDAY, 11 OCTOBER 1999.
CAPE TOWN
08 OCTOBER 1999