KAIROS INDUSTRIAL HOLDINGS LIMITED
(Registration number 1987/002927/06)
("the Company")
Important announcement to shareholders: Introduction of Share Transactions
Totally Electronic ("STRATE")
1. Introduction
The board of directors of the company wishes to advise shareholders that
the company will become STRATE eligible with effect from Monday, 23 April 2001
("the dematerialisation date"). This transfer of shares to the electronic
settlement system is mandatory in accordance with the revised Listings
Requirements of the JSE Securities Exchange, South Africa.
2. Action required
The action to be taken by shareholders will depend on their particular
circumstances as follows:
2.1 if you presently hold all your shares through a custody account with a
stockbroker, then you will be contacted by the broker who will provide you with
a mandate form for transferring your shares to STRATE. Should you not have been
contacted by your broker before Monday,
23 April 2001, it is recommended that you initiate the contact in order to
protect your interests;
2.2 if you presently hold your shares in your own name and in certificate
form, you may elect to enter the STRATE system through a stockbroker or through
a Central Securities Depository Participant ("CSDP") of your choice. The CSDPs
are:
-ABSA Bank Limited -Mercantile Bank Limited
-Citibank NA Inc -Standard Bank of South Africa Limited
-Computershare Services Limited -Societe Generale
-First National Bank Limited
In this regard, it should be noted that only Mercantile Bank Limited and
Computershare Services Limited of the CSDPs will allow you to register your
shares in your own name, i.e. not through a nominee company.
3. Important dates
Important dates regarding the move to the STRATE system are:
Dematerialisation date: Monday, 23 April 2001: this is the date from
which shares in the company will be converted into electronic records in order
to enable participation in STRATE;
Electronic trading date: Monday, 14 May 2001: this is the date from which
you will not be able to trade your shares unless they exist in electronic form
in the STRATE environment;
Electronic settlement date: Monday, 21 May 2001: this is the date from
which all trades in the shares of the company will be settled electronically in
terms of STRATE.
Whilst the introduction of STRATE will not affect the market value of
paper share certificates, they will no longer be acceptable for purposes of
settlement and this will result in time and cost implications for trading.
4. Recommendation
The board of directors therefore urges all shareholders to take the
action required of them in terms of paragraph 2 above as soon as possible after
Monday, 23 April 2001.
General
Should any shareholder require additional information of a more technical
nature regarding STRATE, please contact the STRATE Infoline on 0800-004-727 or
the company secretary.
By order of the board
L Jonker
Company secretary
Telephone number (012) 342-1980
Pretoria
26 March 2001
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