Wooltru Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/008278/06)
("WOOLTRU")
Share Code: WLO ISIN Code: ZAE000007993
Share Code: WLN ISIN Code: ZAE000008744
Share Code: WLOP ISIN Code: ZAE000008009
Share Code: WLP1 ISIN Code: ZAE000008017
RESULTS OF WOOLTRU SHAREHOLDERS" MEETINGS
Wooltru shareholders are advised that at the Wooltru general meeting, Wooltru
ordinary shareholders" meeting and the Wooltru "N" Ordinary shareholders"
meeting, all held on 15 April 2003, the requisite majorities of shareholders
approved the following:
the required amendments to the articles of association of Wooltru in order to
allow for a specific repurchase of shares in terms of Sections 85 to 89 of the
Companies Act, 1973 (Act 61 of 1973), as amended ("the Act"); and
the necessary special resolutions to approve the repurchase by Wooltru of the 3
974 617 Wooltru Ordinary shares and 1 087 150 Wooltru "N" Ordinary shares held
by the Wooltru Share Trust ("the specific shares").
The special resolutions passed at these meetings have been sent to the Registrar
of Companies for registration in accordance with the provisions of the Act. Once
the Registrar of Companies has registered these resolutions, application will be
made to the JSE Securities Exchange South Africa for the delisting and
cancellation of the specific shares from the commencement of business on 23
April 2003.
Credit Management Solutions Group (Pty) Limited
Secretary
(Liezl Buitendag)
Cape Town
16 April 2003
Sponsor
Cazenove
Namibian Sponsoring Broker
HSBC Securities (Namibia)
Corporate Law Advisers and Consultants
Edward Nathan & Friedland (Pty) Ltd
Attorneys
Mallinicks Attorneys
Auditors
Ernst & Young
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