RMB HOLDINGS LIMITED
(Registration number 1987/005115/06)
("RMBH")
FirstRand Limited
(Registration number 1966/010753/06)
("FirstRand")
Remgro Limited
(formerly Rembrandt S.A. Limited)
(Registration number 1968/006415/06)
("Remgro")
Results of general meeting
Completion of transaction
Introduction
Rand Merchant Bank is authorised to announce that, at a general meeting held on
Friday 9 February 2001, RMBH shareholders approved the issue of 274 109 670 new
RMBH shares to Remgro in consideration for the acquisition by RMBH of 424 863
144 shares in FirstRand from Remgro.
Completion of transaction
The transaction announced in the press on 7 December 2000, in terms of which:
* Anglo American plc and De Beers Consolidated Mines Limited agreed to exchange
part of their holding of FirstRand shares for Remgro's shares in Billiton plc
and Gold Fields Limited; and
* Remgro agreed with RMBH to exchange a portion of the FirstRand shares it
received for new shares in RMBH,
has now been completed. Accordingly, the RMBH group will now be structured as
follows:
Remgro 23,08%
Directors and management 23,08%
RMBH 32,83%
FirstRand 9,32%
Boards of directors of RMBH and FirstRand
RMBH and Remgro have agreed that Remgro will be entitled to nominate two
directors for appointment to the board of directors of each of RMBH and
FirstRand.
In light of the new group structure, both FirstRand and RMBH are reviewing the
composition of their respective boards of directors. Shareholders will be
advised as soon as any changes are made.
Listing of new RMBH shares
The JSE Securities Exchange South Africa has approved the listing of the new
RMBH shares with effect from the commencement of trading on Monday 12 February
2001.
Sandton Stellenbosch
9 February 2001 9 February 2001
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Merchant bank and sponsor
Attorneys
Hofmeyr
Hofmeyr Herbstein & Gihwala Inc.
Reporting accountants
Pricewaterhousecoopers
PricewaterhouseCoopers Inc
(Registration no. 1998/012055/21)
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