(Incorporated in the Republic of South Africa)
(Registration number 1946/021180/06)
(Share code: BVT)
(ISIN: 1946/021180/06)
("Bidvest")
Bidvest plc
(Incorporated in the Isle of Man)
(Registration number 92157C)
("Bidvest plc")
ANNOUNCEMENT
Reference is made to the cautionary announcements dated April 8 2002 and May
17 2002 in which Bidvest's subsidiary, Bidvest plc, advised of its
submission to the Office of Fair Trading ("OFT") regarding a possible merger
with Brake Bros plc ("Brake Bros").
As at the date of this announcement the OFT's consent to the possible merger
with Brake Bros is still awaited.
Shareholders' attention is drawn to an announcement by Brake Bros released
on the news service of the London Stock Exchange on June 25 2002 that Brake
Bros has reached an agreement on the terms of a recommended cash offer to be
made by a third party for the issued share capital of Brake Bros.
Bidvest plc awaits the outcome of its submission to the OFT at which time it
will consider its options.
Johannesburg
June 25 2002
Merchant Lead Co-sponsor Attorneys to Financial
Bank to sponsor to to Bidvest Bidvest advisor to
Bidvest Bidvest Deutsche Werksmans Bidvest plc
Investec Investec Securities HSBC
Corporate Securities
Finance
Date: 25/06/2002 11:03:00 AM Produced by the SENS Department
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