NAMPAK LIMITED - COMPANY ANNOUNCEMENT

NAMPAK LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1968/008070/06)
("NAMPAK")
COMPANY ANNOUNCEMENT

NAMPAK AND VAN LEER SOUTH AFRICA (PTY) LIMITED, A SUBSIDIARY OF HUHTAMAKI VAN
LEER OYJ ("HVL"), ARE PLEASED TO ANNOUNCE THEY HAVE REACHED AGREEMENT FOR THE
PURCHASE BY VAN LEER OF THE MONO CONTAINERS BUSINESS CARRIED ON BY NAMPAK'S
SUBSIDIARY, METAL BOX SOUTH AFRICA LIMITED. THIS INCLUDES THE PAPER CUP
BUSINESS WHICH IS CURRENTLY LOCATED IN NAMPAK SACKS WESTERN CAPE.

FINALISATION OF THE TRANSACTION WILL BE SUBJECT TO A NUMBER OF CONDITIONS,
INCLUDING APPROVAL OF THE COMPETITION COMMISSION, AND WILL TAKE EFFECT ONCE ALL
THE CONDITIONS HAVE BEEN FULFILLED.

THE ACQUISITION IN CONSUMER ACTIVITIES IN SOUTH AFRICA IS IN LINE WITH THE HVL
STRATEGY TO INVEST IN EMERGING ECONOMIES. THE MONO CONTAINERS BUSINESS HAS A
TURNOVER OF APPROXIMATELY R100 MILLION AND HAS 380 EMPLOYEES.
SANDTON
14 APRIL 2000