Transpaco - Acquisition: Fulfilment of conditions precedent

Transpaco - Acquisition: Fulfilment of conditions precedent                     
TRANSPACO LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1951/000799/06)                                           
JSE Share Code: TPC                                                             
ISIN: ZAE000007480                                                              
("Transpaco")                                                                   
Acquisition of the retail plastic bag business of the flexibles Bellville       
business of Nampak products Limited ("Nampak"): Fulfilment of conditions        
precedent                                                                       
Transpaco has been advised that the Competition Commission has unconditionally  
approved the acquisition of the Flexibles Bellville Business of Nampak.         
Accordingly, the agreement for the acquisition is now unconditional. The        
agreement  includes the acquisition by Transpaco Flexibles Mpumalanga           
(Proprietary) Limited, a wholly-owned subsidiary of Transpaco, of the retail    
plastic bag business of the Flexibles Bellville Business of Nampak and the      
acquisition by Booysens Road Property (Proprietary) Limited, a wholly-owned     
subsidiary of Transpaco, of the immovable property of  Nampak , situated in     
Glucose Way, Bellville South, Bellville, Western Cape. The acquisition will be  
effective from 4 December 2006.                                                 
Sandton                                                                         
30 November 2006                                                                
Sponsor                                                                         
Investec Bank Limited                                                           
Legal Advisor                                                                   
Werksmans                                                                       
Date: 30/11/2006 10:28:04 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department