Zarara Energy Limited
(Formerly Mawenzi Resources Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1895/001078/06)
("Zarara" or "the Company")
SURRENDER OF SHARE CERTIFICATES IN EXCHANGE FOR A SHARE STATEMENT
UNDER THE ZARARA SPONSORED NOMINEE PROGRAMME
Zarara shareholders are advised that transactions in Zarara shares on the JSE
Securities Exchange South Africa ("JSE") on or after Monday, 28 May 2001 can
only be settled by electronic entry through STRATE (Share Transactions Totally
Electronic). All existing Zarara share certificates will cease to be good for
delivery for transactions entered into on the JSE from that date.
The directors of Zarara consider that it is in the best interests of the
Company and its shareholders to offer shareholders the opportunity to
participate in a nominee programme, sponsored by Zarara, to assist shareholders
to convert their certificated shares into uncertificated shares, which will
then be good for delivery on the JSE. This will facilitate an orderly
transition to STRATE.
In order to participate in the programme, shareholders of Zarara will be
requested to surrender their existing share certificates together with the
surrender form and, if applicable, the Custody and Settlement Agreement for a
Private Investor (which will appoint Computershare Custodial Services Limited
as the Custodian of the surrendered shares). The relevant instructions are set
out in the circular which will be posted to Zarara shareholders today.
Illovo
18 April 2001
Custodian
Computershare Custodial Services Limited
(Registration number 2000/006082/06)
Sponsor
Brait
Registrars
Computer Share Services Limited
(Registration number 1958/003546/06)
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