Notice is given to shareholders that an award of new fully paid ordinary shares will be distributed to shareholders recorded in the register of the company at the close of business on 25 Jul 03 by way of a capitalisation of distributable reserves. The last day to trade for the capitalisation share award will be 18 Jul 03. The rounded number of shares to which shareholders will become entitled will be determined according to the following formula per share: Capitalisation share entitlement = number of shares held on the record date X 33 cents/97.5% of R14.50, which was the ruling price at the close of business on the JSE on 19 Jun 03. This equates to 2.33422 new shares for every 100 ordinary shares held. Shareholders may elect to decline the capitalisation share award in respect of all or part of their shareholding and instead receive the interim cash dividend of 33cps (25.5cps) for the six months period ended 31 Mar 03.
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