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Nampak/Malbak - Sanction Of The Scheme Of Arrangement Nampak Limited (Incorporated in the Republic of South Africa) (Registration number 1968/008070/06) Share code: NPK ISIN: ZAE 000004933 ("Nampak") Malbak Limited (Incorporated in the Republic of South Africa) (Registration number 1946/022234/06) Share code: MLB ISIN: ZAE 000004487 ("Malbak") SANCTION OF THE SCHEME OF ARRANGEMENT 1. INTRODUCTION Shareholders of Nampak and Malbak are advised that the scheme of arrangement in terms of section 311 of the Companies Act, 1973 (Act 61 of 1973), as amended, proposed by Nampak between Malbak and its shareholders other than Kohler Packaging Limited ("the Scheme") was sanctioned by the High Court of South Africa (Witwatersrand Local Division) on Wednesday, 14 August 2002. The Order of Court sanctioning the Scheme will be lodged with the Registrar of Companies for registration and is expected to be registered on or about Thursday, 15 August 2002. 2. CONDITIONS PRECEDENT Upon registration of the Order of Court sanctioning the Scheme, all conditions precedent relating to the Scheme will have been fulfilled. 3. SALIENT DATES The last day to trade in Malbak shares on the JSE Securities Exchange South Africa ("the JSE") in order to be recorded in the register of Malbak on the Scheme record date to receive the Scheme consideration is Friday, 16 August 2002. The Committee of the JSE has granted approval for the suspension of the listing of Malbak shares with effect from the commencement of trade on Monday, 19 August 2002 and the termination of the listing of Malbak shares with effect from the commencement of trade on Tuesday, 27 August 2002. The last date for the receipt of the mix and match elections by the transfer secretaries of Malbak is by 16:00 on Wednesday, 21 August 2002 and the Scheme will become operative on Monday, 26 August 2002. The Committee of the JSE has granted approval for the listing of the Nampak consideration shares with effect from the commencement of trade on Monday, 19 August 2002. A further announcement will be published in the press on Monday, 26 August 2002 detailing the results of the mix and match election. Malbak shareholders are referred to the terms of the Scheme as set out in the circular dated 11 July 2002 sent to Malbak shareholders, copies of which are available at the registered offices of Malbak (4 Pybus Road, Wierda Valley, Sandton) during normal business hours. Johannesburg 14 August 2002 Financial adviser to Nampak UBS Warburg Corporate Finance (South Africa)(Pty) Ltd A financial services group of UBS AG (Registration number 1994/008363/07) Sponsor to Nampak UBS Warburg Securities (South Africa)(Pty) Ltd A financial services group of UBS AG (Member of the JSE Securities Exchange South Africa) (Registration number 1995/011140/07) Legal adviser to Nampak BOWMAN GILFILLAN INC. Reg. no. 1998/021409/21 Independent reporting accountants Deloitte & Touche Chartered Accountants (SA) Registered accountants and auditors Financial adviser and transactional sponsor to Malbak SG HAMBROS SOUTH AFRICA Sponsor to Malbak RAND MERCHANT BANK A division of FirstRand Limited CORPORATE FINANCE Legal adviser to Malbak CLIFFE DEKKER Legal adviser to SGHambros South Africa TABACKS Date: 14/08/2002 04:47:33 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department
