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WHL - Woolworths Holdings Limited - Securitisation - Redemption Of

Release Date: 13/02/2007 09:51
Code(s): WHL
Wrap Text

WHL - Woolworths Holdings Limited - Securitisation - Redemption Of 2 Year Notes And Tap Issue Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1929/001986/06 Share code: WHL & ISIN: ZAE000063863 ("Woolworths Holdings" or "the Company") SECURITISATION - REDEMPTION OF 2 YEAR NOTES AND TAP ISSUE Woolworths sold R2.3 billion of in-store card receivables to a special purpose vehicle, Account On Us (Proprietary) Limited ("Account On Us") in February 2005. The first series of the initial issue of notes, with a total value of R300 million, matures on 25 February 2007. A new issuance of notes is now planned, in order to replace the notes redeemed and to purchase additional assets into the structure. The book-build is scheduled for 28 February 2007 and the amount to be raised is estimated to be R1 billion. A presentation on the further issue is set out in a presentation prepared by Standard Bank, Corporate and Investment Banking, which is available on the Company`s website at www.woolworthsholdings.co.za. Cape Town 13 February 2007 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/02/2007 09:51:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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