Nampak/Malbak Merger Update
Nampak Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/008070/06)
Share code NPK
ISIN ZAE 000004933
("Nampak")
NAMPAK/MALBAK MERGER UPDATE
With the successful conclusion of the merger scheme, Nampak and Malbak have now
had an early review of the opportunities for the enlarged Nampak in South Africa
and Europe. Restructuring and realignment costs of R100 million have been
identified by a detailed plan and are to be provided for as part of the fair
value exercise and will be incurred over the next 18 to 24 months, with
expenditure being primarily in the following areas :
* Optimisation of capacity and technology at the various
plants;
* Plant rationalisation;
* Information Technology costs to be incurred to bring
the two companies` systems into line; and
* Organisational restructuring costs.
This expenditure will improve operational efficiencies and is aimed at enhancing
quality and service to our customers.
Sandton
11 September 2002
Sponsor to Nampak
UBS Warburg Securities South Africa (Pty) Ltd
A financial services group of UBS AG
Member of the JSE Securities Exchange South Africa)
Registration number 1995/011140/07)
Date: 11/09/2002 12:50:23 PM Produced by the JSE SENS Department
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