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UTR/SHF - Unitrans/Steinhoff - Disposal by Unitrans of its entire business as a

Release Date: 07/05/2007 11:14
Code(s): SHF UTR
Wrap Text

UTR/SHF - Unitrans/Steinhoff - Disposal by Unitrans of its entire business as a going concern to a subsidiary of Steinhoff UNITRANS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1967/003403/06) Share code: UTR & ISIN: ZAE000007670 ("Unitrans" or "the company") STEINHOFF INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1998/003951/06) Share code: SHF & ISIN: ZAE000016176 ("Steinhoff") Disposal By Unitrans Of Its Entire Business As A Going Concern To A Subsidiary Of Steinhoff Shareholders are referred to the circular to Unitrans shareholders dated 22 March 2007 and the joint announcement dated 23 March 2007 wherein details of the disposal by Unitrans of its entire business as a going concern to a subsidiary of Steinhoff ("the disposal") and ancillary transactions were set out. Unitrans shareholders holding 30 447 478 ordinary shares in Unitrans accepted the initial share exchange offer in terms of which Unitrans shareholders could dispose of their Unitrans shares to Steinhoff in exchange for Steinhoff shares, in the ratio of 2 Steinhoff shares for each Unitrans share held on Friday, 4 May 2007 ("the initial share exchange offer"). As a consequence, the JSE has approved the listing of an additional 60 894 956 ordinary shares in the share capital of Steinhoff with effect from the commencement of trade on Monday, 7 May 2007. Further details relating to the ultimate share exchange, the termination of Unitrans` listing and the winding-up of Unitrans will be released in due course. Johannesburg 7 May 2007 Corporate adviser and sponsor PSG Capital Date: 07/05/2007 11:14:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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