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Bidvest - Court Sanction Of Scheme In Respect Of Offer To Bidcorp Plc Minorities The Bidvest Group Limited Incorporated in the Republic of South Africa Registration number 1946/021180/06 Share code: BVT ISIN: ZAE000050449 ("Bidvest" or "the Company") COURT SANCTION OF SCHEME IN RESPECT OF OFFER TO BIDCORP PLC MINORITIES Shareholders attention is drawn to the announcement made by Bidcorp plc on the London Stock Exchange in respect of the court sanction of the scheme of arrangement earlier today. "29 July 2004 BIDCORP PLC ("Bidcorp" or "the Company") COURT SANCTION OF SCHEME Bidcorp and The Bidvest Group Limited are pleased to announce that, at a hearing earlier today, the High Court sanctioned the Scheme of Arrangement pursuant to which Bid Services Division (UK) Limited is to acquire full control of Bidcorp and confirmed the reduction of capital involved therein. Accordingly, all the conditions of the Scheme have been satisfied or waived other than the condition relating to the delivery and registration of an office copy of the Court Order by the Registrar of Companies. The Scheme is expected to become effective on 2 August 2004 (in which case, the last day for dealings in Bidcorp Shares is expected to be 30 July 2004) and, providing that this is the case, the consideration due under the Scheme will be paid to those Public Bidcorp Shareholders on the register of members as at 6.00 p.m. on 30 July 2004 by no later than 16 August 2004. Terms used in this announcement have the same meanings given to them in the Scheme Document, which was posted to Bidcorp Shareholders on 16 June 2004." Sandton 29 July 2004 ENQUIRIES: Bidvest David Cleasby (Investor Relations) Tel: +27 (0) 11 772 8706 Investec Bank Limited Deutsche Securities SA (Pty) Ltd Date: 29/07/2004 05:55:21 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department
