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Tue 30 Oct 2001, 0:00 Mccarthy Retail Limited - Dematerialisation Of Con
McCarthy Retail Limited
(Registration Number:  1991/003245/06)
Convertible debenture code : MCTD     ISIN code : ZAE000004362
Dematerialisation of convertible debentures
Holders of unsecured compulsorily convertible senior debentures
("debentures") issued by McCarthy Retail Limited ("McCarthy") are advised
that STRATE has confirmed that the dematerialisation dates for the
debentures are the same as for McCarthy ordinary shares.  The dates are set
out below.
In order to be eligible to trade and
settle in the STRATE environment from 3
December 2001, you should surrender your
debenture certificates to a CSDP or
qualifying stockbroker on or shortly
after                                       Monday 12 November 2001
(But please note that if you anticipate
selling your debentures prior to 3
December 2001 your debentures must be
held in certificated form.)
Unless you have dematerialised your
debentures and are held as an electronic
record, you will not be able to sell them
after                                       Monday 3 December 2001
Electronic settlement of trades in
debentures will take place for the first
time (in other words, the electronic
share accounts of the buyer and seller
will be simultaneously updated) on          Monday 10 December 2001
Debenture holders may also refer to a notice published in the press by
STRATE on 15 October 2001 confirming these dates.  Further information on
STRATE is included in the McCarthy annual report which was posted to
investors recently.


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