NAMPAK LIMITED - IMPLEMENTATION AND RESULT OF THE ODD-LOT OFFER

NAMPAK LIMITED - IMPLEMENTATION AND RESULT OF THE ODD-LOT OFFER                 
Nampak Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/008070/06)                                            
Share code: NPK                                                                 
ISIN: ZAE 000004933                                                             
("Nampak" or "the company")                                                     
IMPLEMENTATION AND RESULT OF THE ODD-LOT OFFER                                  
Shareholders are advised that the odd-lot offer to all registered shareholders  
of fewer than 100 shares in Nampak and beneficial holders of fewer than 100     
dematerialised shares in Nampak at the close of business on 14 February 2003    
("odd-lot holders") has been duly implemented.                                  
Result of the odd-lot offer                                                     
The total number of shares made available by 5 230 odd-lot holders who elected  
to sell their odd-lot holdings and by those who failed to make an election were 
147 313. Nampak has repurchased, in terms of a specific authority granted at the
general meeting held on Wednesday, 29 January 2003, the shares at R14.54 per    
share (being the offer price of R13.85 per share plus a 5% premium) for a total 
consideration of R2 141 931.02. These shares will be cancelled, delisted and    
will revert back to unissued, authorised share capital.                         
12 918 shares were required for 207 odd-lot holders who elected to purchase     
sufficient additional shares to increase their odd-lot holdings to holdings of  
100 shares. Nampak has issued, in terms of a specific authority granted at the  
general meeting held on Wednesday, 29 January 2003, the shares at R13.85 per    
share (being the offer price) for a total consideration of R178 914.30.         
As a result of the implementation of the odd-lot offer, the number of registered
shareholders and beneficial holders has been reduced by   5 230 and the number  
of shares in issue has been reduced to        640 396 891.                      
Odd-lot holders who hold certificated shares                                    
In respect of those odd-lot holders who hold certificated shares and elected to 
purchase additional shares, new share certificates will be despatched by        
registered post at the risk of the odd-lot holders concerned on Monday, 17      
February 2003 or within five business days after surrender of their documents of
title and payment of the relevant subscription price, whichever is the later.   
Cheques/electronic transfers in respect of the sale of odd-lot holdings will be 
posted/electronically transferred at the risk of the odd-lot holders concerned  
to odd-lot holders on Monday, 17 February 2003 or within five business days     
after surrender of their documents of title, whichever is the later.            
All odd-lot holders who elected to subscribe for additional shares or sell their
odd-lot holdings or who failed to make an election and who have not submitted   
their documents of title to the share registrar are reminded to do so in order  
for their new share certificates or payments (as applicable) to be released.    
Odd-lot holders who hold dematerialised shares                                  
Any change in the number of shares held and amounts payable/receivable by an odd
lot holder who has dematerialised his/her shares, as a result of the            
implementation of the odd-lot offer, will be automatically recorded and         
debited/credited on Monday, 17 February 2003 in the odd-lot holder`s account    
with the Central Securities Depository Participant or broker selected by that   
odd-lot holder.                                                                 
Sandton                                                                         
17 February 2003                                                                
Financial adviser and sponsor                                                   
UBS Warburg Corporate Finance (South Africa) (Pty) Ltd                          
A financial services group of UBS AG                                            
(Registration number 1994/008363/07)                                            
Legal advisers                                                                  
Bowman Gilfillan                                                                
Transfer secretaries                                                            
Computershare Investor Services Limited                                         
(Registration number 1958/003546/06)                                            
Date: 17/02/2003 04:15:00 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department