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BVT - The Bidvest Group Limited - Announcement to Bidvest and Nampak Limited ("Nampak") ordinary shareholders The Bidvest Group Limited Incorporated in the Republic of South Africa Registration number 1946/021180/06 Share code: BVT ISIN: ZAE000117321 ("Bidvest") Announcement to Bidvest and Nampak Limited ("Nampak") ordinary shareholders 1 Introduction Bidvest and Nampak ordinary shareholders are referred to: * the announcement by Bidvest to Nampak ordinary shareholders released on the Securities Exchange News Service ("SENS") of the JSE Limited on September 17 2008 detailing the terms of an offer, subject to the fulfillment of the suspensive conditions, by Bidvest or a subsidiary of Bidvest, to acquire up to 30% of the Nampak ordinary shares held by each of the Nampak ordinary shareholders, other than Nampak or any of its subsidiaries ("the pro rata offer"); and * the announcement by Nampak released on SENS on September 26 2008 regarding, inter alia, a Nampak trading statement and information to Nampak shareholders regarding the pro rata offer ("the Nampak September 26 announcement"). 2 The pro rata offer Bidvest draws the attention of shareholders to the suspensive condition to the pro rata offer which relates to there being no material adverse change in either market conditions or the financial position of Nampak which comes to the attention of Bidvest. Bidvest believes that the Nampak September 26 announcement contains information which may constitute a material adverse change. Accordingly, the information in that announcement, and subsequent discussions with Nampak management in relation to the matters contained therein, will need to be evaluated by Bidvest. Once the evaluation is complete, Bidvest will decide whether to proceed with the pro rata offer at the price, or at all. A further announcement in this regard will be made in due course. By order of the Board The Bidvest Group Limited September 29 2008 Sandton Investment Bank to Legal advisor to Sponsor to Bidvest Bidvest Bidvest Investec Bank Cliffe Dekker Investec Corporate Limited Hofmeyr Finance
Date: 29/09/2008 07:43:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
