NPK - Nampak - Proposal By The Bidvest Group Limited ("Bidvest") To Acquire 25%

NPK - Nampak - Proposal By The Bidvest Group Limited ("Bidvest") To Acquire 25% 
              Of Nampak And Cautionary Announcement                             
Nampak Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/008070/06)                                            
Share code: NPK                                                                 
ISIN: ZAE000071676                                                              
("Nampak")                                                                      
Proposal by The Bidvest Group Limited ("Bidvest") to acquire 25% of Nampak and  
cautionary announcement                                                         
Nampak refers its shareholders to the announcement made by Bidvest on 4         
September 2008 in which it announced its intention to propose a pro rata offer  
to acquire 25% of the ordinary shares held by each Nampak shareholder by no     
later than 17h00 on 17 September 2008. In terms of the pro rata offer, Nampak   
shareholders would receive one new Bidvest share for every 7.50 Nampak ordinary 
shares held. The Bidvest ordinary shares would be issued ex any normal ordinary 
dividend or distribution payable by Bidvest to its shareholders in respect of   
the six month period ended 30 June 2008. Bidvest currently holds approximately  
5% of Nampak. The proposed pro rata offer would be subject to a number of       
suspensive conditions, including Bidvest owning at least 20% of the Nampak      
shares in issue after completion of the proposed pro rata offer.                
The board of Nampak will meet early next week to consider the pro rata offer.   
Cautionary announcement                                                         
Shareholders are therefore advised to exercise caution when dealing in Nampak   
securities until a further announcement is made.                                
Sandton                                                                         
4 September 2008                                                                
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 04/09/2008 16:16:16 Supplied by www.sharenet.co.za                     
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