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Fri 6 Sep 2002, 0:00 Glodina - Results of the rights offer
Glodina Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/004150/06)                                            
Share code: GDA    ISIN: ZAE000040002                                           
("Glodina")                                                                     
Results of the rights offer                                                     
The Board of Directors of Glodina hereby announces the results of the           
rights offer by Glodina of 25 000 000 new ordinary shares at 140 cents          
each ("rights shares"). Applications have been received for 5 305 498           
rights shares, representing 21.2% of the rights shares offered in terms         
of the rights offer. The underwriter of the rights offer have subscribed        
for 19 694 502 new shares, equivalent to 78.8% of the total number of           
shares offered in terms of the rights offer.                                    
Dematerialised shareholders will have their safe custody accounts with          
their CSDP or broker updated with the rights shares subscribed for in           
terms of the rights offer on or about Monday, 9 September 2002, and             
ordinary share certificates will be posted to certificated shareholders         
per registered mail at their risk on or about Monday, 9 September 2002.         
Hammarsdale                                                                     
6 September 2002                                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/000034/07)                                            
Date: 06/09/2002 05:48:25 PM Produced by the JSE SENS Department                


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