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Nampak Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/008070/06)
Share code: NPK
ISIN: ZAE 000004933
("Nampak" or "the company")
IMPLEMENTATION AND RESULT OF THE ODD-LOT OFFER
Shareholders are advised that the odd-lot offer to all registered shareholders
of fewer than 100 shares in Nampak and beneficial holders of fewer than 100
dematerialised shares in Nampak at the close of business on 14 February 2003
("odd-lot holders") has been duly implemented.
Result of the odd-lot offer
The total number of shares made available by 5 230 odd-lot holders who elected
to sell their odd-lot holdings and by those who failed to make an election were
147 313. Nampak has repurchased, in terms of a specific authority granted at the
general meeting held on Wednesday, 29 January 2003, the shares at R14.54 per
share (being the offer price of R13.85 per share plus a 5% premium) for a total
consideration of R2 141 931.02. These shares will be cancelled, delisted and
will revert back to unissued, authorised share capital.
12 918 shares were required for 207 odd-lot holders who elected to purchase
sufficient additional shares to increase their odd-lot holdings to holdings of
100 shares. Nampak has issued, in terms of a specific authority granted at the
general meeting held on Wednesday, 29 January 2003, the shares at R13.85 per
share (being the offer price) for a total consideration of R178 914.30.
As a result of the implementation of the odd-lot offer, the number of registered
shareholders and beneficial holders has been reduced by 5 230 and the number
of shares in issue has been reduced to 640 396 891.
Odd-lot holders who hold certificated shares
In respect of those odd-lot holders who hold certificated shares and elected to
purchase additional shares, new share certificates will be despatched by
registered post at the risk of the odd-lot holders concerned on Monday, 17
February 2003 or within five business days after surrender of their documents of
title and payment of the relevant subscription price, whichever is the later.
Cheques/electronic transfers in respect of the sale of odd-lot holdings will be
posted/electronically transferred at the risk of the odd-lot holders concerned
to odd-lot holders on Monday, 17 February 2003 or within five business days
after surrender of their documents of title, whichever is the later.
All odd-lot holders who elected to subscribe for additional shares or sell their
odd-lot holdings or who failed to make an election and who have not submitted
their documents of title to the share registrar are reminded to do so in order
for their new share certificates or payments (as applicable) to be released.
Odd-lot holders who hold dematerialised shares
Any change in the number of shares held and amounts payable/receivable by an odd
lot holder who has dematerialised his/her shares, as a result of the
implementation of the odd-lot offer, will be automatically recorded and
debited/credited on Monday, 17 February 2003 in the odd-lot holder`s account
with the Central Securities Depository Participant or broker selected by that
odd-lot holder.
Sandton
17 February 2003
Financial adviser and sponsor
UBS Warburg Corporate Finance (South Africa) (Pty) Ltd
A financial services group of UBS AG
(Registration number 1994/008363/07)
Legal advisers
Bowman Gilfillan
Transfer secretaries
Computershare Investor Services Limited
(Registration number 1958/003546/06)
Date: 17/02/2003 04:15:00 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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