PSG Investment Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/017358/06)
(Share code: PGH ISIN code: ZAE 0000 18818)
("PSGBH" or "the company")
UNBUNDLING EFFECTIVE
1. Shareholders are referred to the announcement published in the press on
18 February 2002 regarding the results of the general meeting of the company
and are advised that the unbundling by PSGBH of its entire shareholding in
Capitec Bank Holdings Limited ("Caphold") is effective from today.
Share certificates in respect of Caphold shares will be posted to PSGBH
shareholders today.
2. Shareholders of PSGBH are reminded that the unbundling of Caphold was
effected by means of a reduction of PSGBH's share premium. Consequently,
every PSGBH shareholder must, for Capital Gains Tax purposes, reduce the
base cost of his shares in PSGBH by the amount of the capital distribution,
being 26,9 cents per share. Shareholders are advised to consult their
professional advisers in this regard.
Johannesburg
25 February 2002
Investment bank and joint sponsor to PSGBH
PSG INVESTMENT BANK
Lead sponsor
PRICEWATERHOUSECOOPERS CORPORATE FINANCE (PTY) LTD
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