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BIDVEST GROUP LIMITED - INFORMATION ANNOUNCEMENT

Release Date: 12/03/2001 16:33
Code(s): BVT
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The Bidvest Group Limited has, subject to Exchange Control approval, acquired 100% control of Renfreight Circle (Proprietary) Limited, the largest Freight Management and Logistics Company in South Africa.
By mutual agreement, EGL will continue to use Renfreight as its Agent in South Africa for the next 3 (three) months after which time EGL will operate from its own offices in South Africa. Renfreight has entered into an Agency Agreement with Panalpina of Switzerland. Ends

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