BIDVEST - ACQUISITION OF A 17% INTEREST IN TIGER WHEELS LIMITED

BIDVEST - ACQUISITION OF A 17% INTEREST IN TIGER WHEELS LIMITED                 
Bidvest Group Limited                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1946/021180/06)                                            
Share code: BVT          ISIN: ZAE000050449                                     
("Bidvest")                                                                     
Acquisition of a 17% interest in Tiger Wheels Limited ("Tiger Wheels")          
Investec Bank Limited is authorised to announce that Bidvest has acquired 10 200
000 shares at a price of R23,52 per share representing approximately 17% of the 
total issued shares of Tiger Wheels for a total purchase consideration of       
R239,928 million.  Bidvest has an American call option to purchase a further 1  
800 000 shares at R25,00 per share in order to increase its stake to            
approximately 20%.  The option is valid until 30 April 2005.                    
Tiger Wheels is a group of companies focused on the automotive aluminium wheel  
and passenger car tyre industries, which supplements Bidvest"s exposure to the  
automotive industry.  Brian Joffe will be appointed as a non-executive director 
to the board of Tiger Wheels.                                                   
Sandton                                                                         
January 21, 2005                                                                
Corporate adviser and lead sponsor to Bidvest                                   
Investec Bank Limited Corporate Finance                                         
Joint sponsor to Bidvest                                                        
Deutsche Securities                                                             
Date: 21/01/2005 08:15:08 AM Supplied by www.sharenet.co.za                     
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