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Softline -
Softline Limited
(Incorporated in the Republic of South Africa)
(Registration number 1977/002304/06)
Share code: SFT ISIN: ZAE000012316
("Softline")
Notice regarding dematerialisation and auxiliary cautionary announcement
1. Dematerialisation
The JSE Securities Exchange South Africa ("JSE") has recently introduced
Share Transactions Totally Electronic ("STRATE") for all share transactions
concluded on the JSE. STRATE, which, inter alia, involves dematerialisation, has
already been implemented by Softline (effective 17 September 2001). Accordingly,
Softline share certificates need to be dematerialised before Softline
shareholders will be able to trade in the Softline shares concerned. Softline
shareholders are advised to contact a Central Securities Depository Participant
("CSDP") to make the necessary practical arrangements for dematerialisation. It
is anticipated that the dematerialisation of Softline shares can take up to five
days to be finalised once a Softline shareholder has made the necessary
arrangements with the CSDP. No Softline share certificates may be dematerialised
or rematerialised after the last day to trade (date to be advised) in Softline
shares in respect of the transaction outlined in the announcement of 16 April
2003.
2. Auxiliary cautionary announcement
In the Softline announcement of 16 April 2003, it was indicated that a
further announcement would be published in the press and released on SENS on or
about Monday, 19 May 2003. We wish to advise Softline shareholders that it is
now anticipated that this announcement will be made before the end of May 2003.
Therefore, Softline shareholders are advised to continue to exercise caution
when dealing in their Softline shares on the JSE until such further announcement
is made.
Johannesburg
13 May 2003
Corporate advisor
BRAIT
Legal advisor to Softline
Rabin, van den Berg & Pelkowitz
Advisory Services (Pty) Ltd
Sponsor
Brait Sponsors (Proprietary) Limited
(Registration number 2000/031069/07)
Auditors and reporting accountants
Charles Orbach & Company
Chartered Accountants (SA) Registered Accountants & Auditors
Legal advisor to the Consortium
Fluxmans Attorneys
Website: www.fluxmans.com
Fluxmans Inc. Registration No: 2000/024775/21
Independent advisor to minorities
KPMG
Lender
Investec Bank Limited
(Registration number 1969/004763/06)
Lender
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Attorneys to the lenders
Date: 12/05/2003 05:15:11 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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