Trans Hex Group Limited - Results of general meeting and implementation of

Trans Hex Group Limited - Results of general meeting and implementation of      
odd-lot offer                                                                   
Trans Hex Group Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1963/007579/06)                                            
Share code: TSX     ISIN: ZAE000018552                                          
("Trans Hex")                                                                   
Results of general meeting and implementation of odd-lot offer                  
1. Introduction                                                                 
It was announced on Tuesday 7 May 2002 that the board of directors of Trans     
Hex would be proposing an odd-lot offer to shareholders of Trans Hex            
("shareholders") who hold fewer than 100 shares in Trans Hex ("shares") at      
the close of business on Friday 31 May 2002.                                    
2. Results of general meeting                                                   
Shareholders are advised that at the general meeting held on Friday 10 May      
2002, special resolutions numbers 1 and 2 and the ordinary resolution           
proposed thereat were passed by the requisite majority of shareholders. The     
special resolutions have been lodged with the Registrar of Companies for        
registration.                                                                   
3. Offer price                                                                  
The odd-lot offer will be implemented at an offer price of R17.02 per share,    
which is the weighted average traded price of Trans Hex shares on the JSE       
Securities Exchange South Africa over the 30 trading days ended Tuesday 7       
May 2002.                                                                       
4. Mechanism of the odd-lot offer                                               
4.1. The odd-lot offer will be implemented on the basis that the odd-lot        
holders may, up to 16:30 on Wednesday 29 May 2002, elect to:                    
4.1.1. purchase or subscribe for sufficient additional shares at the offer      
price to increase their odd-lot holdings to holdings of 100 shares ("the        
purchase alternative"); or                                                      
4.1.2. sell their odd-lot holdings at the offer price ("the cash                
alternative"); or                                                               
4.1.3. retain their odd-lot holdings.                                           
4.2. The shares of those odd-lot holders who do not make an election or who     
do not instruct their CSDP or broker as to which election they wish to make     
or who elect the cash alternative or who instruct their CSDP or broker that     
they wish to elect the cash alternative will be sold in the first instance      
to those odd-lot holders who elect the purchase alternative and any surplus     
shares will be purchased by Barnard Jacobs Mellet Private Client Services       
(Proprietary) Limited ("Barnard Jacobs Mellet").                                
4.3. To the extent that the number of shares being sold is insufficient to      
meet the aggregate requirement of those odd-lot holders who elect the           
purchase alternative, Trans Hex will issue new shares to the odd-lot holders    
in question at the offer price.                                                 
4.4. Barnard Jacobs Mellet has agreed with Trans Hex, for the purpose of the    
odd-lot offer, to purchase, at the offer price, any surplus shares. The         
surplus shares will then be sold on the JSE and any profit or loss or           
transaction costs resulting from such sales will be for the account of Trans    
Hex.                                                                            
5. Salient dates                                                                
The salient dates in respect of the odd-lot offer are as follows:               
2002         

Last day to trade in order to participate in                                    
the odd-lot offer on                                      Friday 24 May         
Election date for dematerialised shareholders                                   
to advise their CSDP or broker of their election       Wednesday 29 May         
Form of election and surrender for the                                          
odd-lot offer to be received from certificated                                  
shareholders by 16:30 on                               Wednesday 29 May         
Record date to determine those shareholders                                     
entitled to participate in the odd-lot offer                                    
and closing date for the odd-lot                                                
offer at the close of business on                         Friday 31 May         
Implementation of the odd-lot offer                                             
takes effect after close of business on                   Friday 31 May         
In respect of certificated shareholders, new                                    
share certificates posted against surrender                                     
of existing documents of title, from                      Monday 3 June         
Dematerialised shareholders will have                                           
their safe custody accounts held at their                                       
CSDP or broker updated with their new holding                                   
and debited/credited with the cash amount, as the                               
case may be on                                            Monday 3 June         
Cheques in respect of the sale by odd-lot                                       
holders of odd-lot holdings posted on or about            Monday 3 June         
Share certificates may not be dematerialised or rematerialised between          
Monday 20 May 2002 and Friday 31 May 2002, both days inclusive.                 
6. Documentation                                                                
A document setting out the details of the odd-lot offer and containing a        
form of election and surrender was posted to shareholders on 16 April 2002.     
Parow                                                                           
14 May 2002                                                                     
Sponsor to Trans Hex                                                            
in South Africa                                                                 
Rand Merchant Bank                                                              
A division of FirstRand Bank Limited                                            
Corporate Finance                                                               
Sponsoring broker to                                                            
Trans Hex in Namibia                                                            
IJG (Pty) Ltd                                                                   
Legal adviser                                                                   
Deneys Reitz Inc                                                                
1984/003385/21                                                                  
Adviser                                                                         
Barnard Jacobs Mellet                                                           
Corporate Finance                                                               
Date: 14/05/2002 07:20:00 AM Produced by the SENS Department