TRUWORTHS INTERNATIONAL RESULTS OF CAPITALISATION SHARE AWARD

TRUWORTHS INTERNATIONAL

RESULTS OF CAPITALISATION SHARE AWARD AND ELECTION TO RECEIVE A FINAL DIVIDEND
OF 6,5 CENTS PER SHARE IN LIEU THEREOF
INTRODUCTION

THE RIGHT OF  TI'S SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON FRIDAY,
1 SEPTEMBER 2000 TO ELECT TO RECEIVE THE CASH DIVIDEND OF 6,5 CENTS PER SHARE
INSTEAD OF CAPITALISATION SHARES, CLOSED AT 12:00 ON FRIDAY, 29 SEPTEMBER 2000.
RESULTS

ELECTIONS TO RECEIVE THE CASH DIVIDEND OF 6,5 CENTS PER SHARE WERE MADE IN
RESPECT OF 338 361 752 SHARES, BEING 73,93% OF TI'S ISSUED CAPITAL, RESULTING
IN A TOTAL CASH DIVIDEND OF R21 993 514 BEING DECLARED BY THE COMPANY. PURSUANT
TO THE CAPITALISATION SHARE AWARD 1 553 697 SHARES ARE TO BE ISSUED UTILISING
TI'S DISTRIBUTABLE RESERVES.
ISSUE PRICE AND RATIO

THE CAPITALISATION SHARES ARE TO BE ALLOTTED AND ISSUED AT A PRICE OF 0,015
CENT EACH, IN THE RATIO OF 1,301830 SHARES FOR EVERY 100 TI SHARES HELD
("CAPITALISATION SHARE RATIO"). THE WEIGHTED AVERAGE TRADED PRICE OF  TI SHARES
ON THE JOHANNESBURG STOCK EXCHANGE ("JSE") FOR THE FOUR BUSINESS DAYS ENDING AT
THE CLOSE OF BUSINESS ON THURSDAY, 28 SEPTEMBER 2000 WAS 534,2480 CENTS EACH,
WHICH PRICE WAS USED TO DETERMINE THE CAPITALISATION SHARE RATIO.

THE EFFECTIVE PRICE AT WHICH THE CAPITALISATION SHARES HAVE BEEN AWARDED IS
499,2971 CENTS EACH, CALCULATED AS FOLLOWS :
CASH PAYMENT PER 100 SHARES      =      650 CENTS
CAPITALISATION SHARE RATIO              1,301830

FOLLOWING THE ISSUE OF THE CAPITALISATION SHARES, THE ISSUED CAPITAL OF  TI
WILL CONSIST OF 459 262 617 SHARES OF 0,015 CENT EACH.
LISTING OF CAPITALISATION SHARES

THE LISTING OF 1 553 697 CAPITALISATION SHARES IN TI WILL COMMENCE ON THE JSE
AND THE NAMIBIAN STOCK EXCHANGE WITH EFFECT FROM THE COMMENCEMENT OF TRADING ON
MONDAY, 9 OCTOBER 2000.
POSTING OF SCRIP AND CHEQUES

CERTIFICATES IN RESPECT OF THE CAPITALISATION SHARES, AND CASH DIVIDEND AND
FRACTIONAL ENTITLEMENT CHEQUES, WHERE APPLICABLE, WILL BE POSTED TO
SHAREHOLDERS ON MONDAY, 9 OCTOBER 2000.
BY ORDER OF THE BOARD
C DURHAM                   REGISTERED OFFICE

COMPANY SECRETARY          SRG HOUSE, 1 MOSTERT STREET
6 OCTOBER 2000             CAPE TOWN, 8001

                           (PO BOX 600, CAPE TOWN, 8000)