Cullinan - Acquisition Of Hylton Ross Tours (Proprietary) Limited

Cullinan - Acquisition Of Hylton Ross Tours (Proprietary) Limited               
             ("Hylton Ross")                                                    
Cullinan Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1902/001808/06)                                            
Share code: CUL & ISIN: ZAE000013710                                            
("Cullinan")                                                                    
ACQUISITION OF HYLTON ROSS TOURS (PROPRIETARY) LIMITED ("Hylton Ross")          
The board of directors of Cullinan wishes to advise that all of the conditions  
precedent to the Hylton Ross acquisition have now been fulfilled and the        
acquisition is therefore unconditional.                                         
Hylton Ross is a well-known brand providing coaching services and sightseeing   
tours and excursions in the Western Cape. It is profitable and well managed.    
The acquisition has been funded out of Cullinan"s own resources and it will     
have a positive impact on earnings per share.                                   
Cullinan, which is quoted in the Travel & Leisure sector of the JSE Limited,    
is a holding company that invests in travel and tourism related products in     
Southern Africa. Hylton Ross provides an entry into the coaching and            
sightseeing markets which will not only add to the spread of the already        
extensive investment in travel logistics. It will also provide a useful lever   
to fulfilment of the travel needs of visitors before, during and after the      
2010 World Cup, which is expected to have a major impact on this sector for     
many years to come.                                                             
By order of the board                                                           
Johannesburg                                                                    
14 August 2006                                                                  
Corporate adviser                                                               
Lanark Financial Services                                                       
Sponsor                                                                         
LPC Manhattan Moela                                                             
LPC Manhattan Moela (Pty) Ltd                                                   
(Registration number 2001/009215/07)                                            
Date: 14/08/2006 11:23:52 AM Supplied by www.sharenet.co.za                     
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