FURTHER CAUTIONARY ANNOUNCEMENT - NAMPAK LIMITED

NAMPAK LIMITED
NAMPAK LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 68/08070/06)
("NAMPAK")
FURTHER CAUTIONARY ANNOUNCEMENT

ON 21 OCTOBER 1999 IT WAS ANNOUNCED THAT NAMPAK'S WHOLLY-OWNED SUBSIDIARY,
NAMPAK HOLDINGS (UK) PLC ("NAMPAK HOLDINGS") INTENDED TO MAKE A CASH OFFER
THROUGH WARBURG DILLON READ TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF PLYSU
PLC ("PLYSU") FROM ITS PRESENT SHAREHOLDERS FOR A PURCHASE CONSIDERATION OF
APPROXIMATELY R970 MILLION.  A FORMAL OFFER DOCUMENT WAS POSTED TO PLYSU
SHAREHOLDERS ON 29 OCTOBER 1999.

BY 15:00 UK TIME ON 19 NOVEMBER 1999, THE FIRST CLOSING DATE OF THE OFFER,
VALID ACCEPTANCES UNDER THE OFFER HAD BEEN RECEIVED IN RESPECT OF A TOTAL OF 43
647 259 PLYSU SHARES, REPRESENTING APPROXIMATELY 90,45% OF PLYSU'S ISSUED
ORDINARY SHARE CAPITAL.

ACCORDINGLY, THE OFFER HAS BEEN DECLARED UNCONDITIONAL AS TO ACCEPTANCES. THE
OFFER WILL REMAIN OPEN FOR ACCEPTANCE UNTIL FURTHER NOTICE.

THE OFFER IS FURTHER SUBJECT TO THE UK OFFICE OF FAIR TRADING INDICATING THAT
IT IS NOT THE INTENTION OF THE SECRETARY OF STATE FOR TRADE AND INDUSTRY TO
REFER THE PROPOSED ACQUISITION TO THE COMPETITION COMMISSION IN THE UNITED
KINGDOM.

ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO CONTINUE EXERCISING CAUTION WHEN
DEALING IN NAMPAK'S SECURITIES UNTIL A FURTHER ANNOUNCEMENT WITH REGARD TO
PROGRESS WITH THE OFFER IS MADE.
SANDTON
22 NOVEMBER 1999
SPONSORING BROKER
SG FRANKEL POLLAK SECURITIES (PTY) LTD
REGISTRATION NUMBER 96/05886/07
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)