Prism Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/018949/06)
Share code PIM ISIN ZAE000022257
("Prism" or "the company")
RESULTS OF THE RIGHTS OFFER
The Board of Directors of Prism hereby announces the results of the rights
offer by Prism of 105 882 353 new ordinary shares of 0,1 cents each ("rights
shares"). Applications have been received for 7 088 476 rights shares,
representing 6,69% of the rights shares offered in terms of the rights
offer. The underwriters of the rights offer have subscribed for 64 705 882
new shares, equivalent to 61,11% of the total number of shares offered in
terms of the rights offer. The 64 705 882 new shares subscribed for by the
underwriters represents the underwritten portion of the rights offer.
Dematerialised shareholders will have their safe custody accounts credited
with the rights shares subscribed for in terms of the rights offer on, or
about 1 March 2002, and ordinary share certificates will be posted to
certificated shareholders, on or about, 27 February 2002.
Johannesburg
25 February 2002
Investment bank and lead sponsor to Lead investor
the transaction
Gensec Bank Limited The Archway Technology Venture
(Registration number 1996/004744/06) Capital Fund
(Master's reference number
IT1628/01)
Sponsor Independent advisor
(A division of The Standard Bank of PricewaterhouseCoopers Corporate
South Africa Limited ) Finance (Proprietary) Limited
(Registration number 1962/00738/06) (Registration number 1970/003711/07)
Attorneys to Prism
Werksmans Inc.
(Registration number 1990/007215/21)
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