TRANSPACO - RESULTS OF GENERAL MEETING

TRANSPACO LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1951/000799/06)
("TRANSPACO")
RESULTS OF GENERAL MEETING

SHAREHOLDERS ARE ADVISED THAT AT THE GENERAL MEETING OF TRANSPACO HELD ON
WEDNESDAY, 17 JANUARY 2001, THE SPECIAL RESOLUTIONS AND ORDINARY RESOLUTION
RELATING TO AN AMENDMENT TO TRANSPACO'S ARTICLES OF ASSOCIATION TO, INTER ALIA,
PERMIT SUBSIDIARIES OF TRANSPACO TO PURCHASE TRANSPACO SHARES AND A SPECIFIC
AUTHORITY TO BUY BACK 2 602 777 TRANSPACO SHARES AT 170 CENTS PER SHARE FROM E.
S. R. ROVETTI WERE DULY PASSED BY THE REQUISITE MAJORITIES.

THE SPECIAL RESOLUTIONS WILL BE LODGED FOR REGISTRATION WITH THE REGISTRAR OF
COMPANIES.
JOHANNESBURG
17 JANUARY 2001
SPONSORING BROKER
  INVESTEC SECURITIES LIMITED
  MEMBER OF THE JSE
  REGISTRATION NO. 1972/008905/06
ATTORNEYS
  WERKSMANS ATTORNEYS
AUDITORS AND INDEPENDENT ADVISER
  ERNST & YOUNG
  CHARTERED ACCOUNTANTS (SA)
  (REGISTERED ACCOUNTANTS AND AUDITORS)