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Pepkor Limited - Oddlot Offer Price                                             
PEPKOR LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1965/007765/06)                                            
Share code :  PEP                                                               
ISIN code  :  ZAE000005344                                                      
("Pepkor")                                                                      
ODDLOT OFFER PRICE                                                              
Further to the announcement dated 26 April 2002, shareholders are advised       
that the oddlot offer price is R3,66 per share, being the weighted average      
traded price of Pepkor shares on the JSE Securities Exchange South Africa       
over the 10 trading days ended Monday, 20 May 2002.                             
Cape Town                                                                       
21 May 2002                                                                     
Corporate adviser and sponsor                                                   
Barnard Jacobs Mellet Corporate Finance                                         
(Pty) Limited

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