BELL EQUIPMENT - SURRENDER OF SHARE CERTIFICATES

  (Incorporated in the Republic of South Africa)
  (Registration number 1968/13656/06)
  ("Bell")

SURRENDER OF SHARE CERTIFICATES IN EXCHANGE FOR A SHARE STATEMENT UNDER THE
SHARE TRANSFER AND REPLACEMENT ("STAR") PROGRAMME

ABN AMRO Securities (South Africa) (Pty) Limited is authorised to announce that
the directors of Bell have considered that it is in the best interests of the
company and its shareholders to implement the STAR programme to facilitate an
orderly transition to Share Transactions Totally Electronic ("STRATE").
ALL EXISTING SHARE CERTIFICATES WILL CEASE TO BE GOOD FOR DELIVERY FOR
TRANSACTIONS ENTERED INTO ON THE JSE SECURITIES EXCHANGE SOUTH AFRICA FROM THE
CLOSE OF BUSINESS ON FRIDAY, 9 MARCH 2001. Shareholders will be required to
surrender their existing share certificates together with the surrender and
share transfer form and, if applicable, the Private Shareholder Custody Mandate
(which will appoint Mercantile Bank Limited as the Custodian of the surrendered
shares) contained in the circular posted to Bell shareholders today.
Richards Bay
16 February 2001
Sponsor
  ABN-AMRO Securities (South Africa) (Pty) Ltd.
  Registration number 1995/001231/07

  Member of the JSE Securities Exchange South Africa
Custodian
  Mercantile Bank Limited
  Registration number 1965/006706/06
Transfer secretaries
  Mercantile Registrars Limited
  (Registration number 1987/003382/06)