SAAMBOU HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004170/06)
("Saambou" or "the Company")
General meeting of shareholders of Saambou:
Amendment of Saambou's articles of association, general approval to repurchase
shares and issue of shares for cash
Amendment of articles of association
Shareholders of Saambou are advised that the Company's directors have resolved
to amend its articles of association in order to:
* enable Saambou to repurchase its own shares; and
* make provision for share transactions on the JSE Securities Exchange South
Africa ("JSE") to be settled electronically instead of using share certificates
and transfer deeds for the transfer of ownership.
General approval to repurchase shares
The directors propose that the Company be authorised, by way of general
approval, to repurchase issued share capital in the Company or its holding
company in accordance with the Listings Requirements of the JSE.
Issue of shares for cash/Waiver of pre-emptive rights
The directors have resolved to amend the authority to issue shares for cash
granted to them at the company's 13th annual general meeting of members held on
31 August 2000, to bring it in line with recent amendments to the JSE Listings
Requirements.
General
A circular containing further information relating to these proposed
resolutions, together with the necessary documentation and a notice convening a
general meeting of the shareholders to be held at the boardroom, Ground Level,
Perseus Park, corner Camelia and Priory Roads, Lynnwood Ridge, Pretoria at
09:30 on Wednesday, 16 May 2001, will be posted to shareholders on Tuesday, 17
April 2001.
Pretoria
12 April 2001
Corporate adviser
Torque-Capital (Pty) Ltd
(Registration number 2000/005218/07)
Sponsor
ABN-AMRO Securities (South Africa) (Pty) Ltd.
Registration number 1995/001231/07
Member of the JSE Securities Exchange South Africa
Legal adviser
Gildenhuys van der Merwe Inc
Attorneys, Notaries and Conveyancers
(Registration number 1987/002114/21)
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