Standard Bank -
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
Share code: SBK Namibian Share code: SNB ISIN: ZAE000038873
("Standard Bank")
Nduna Trust
(Master"s reference number IT 12995/98)
("Nduna Trust")
Safika Holdings (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/001693/07)
("Safika")
Simeka Investment Holdings (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/002931/07)
("Simeka")
Andisa Capital (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/001707/07)
("Andisa Capital")
LAUNCH OF ANDISA CAPITAL
Further to the announcement of 3 April 2003, Standard Bank and the consortium
led by Mr Ronnie Ntuli (Nduna Trust) and Safika and including Simeka and a broad
based empowerment trust ("the Consortium"), are pleased to announce that the
conditions precedent referred to in that announcement and required for the
creation of Andisa Capital have been fulfilled.
Consequently, Andisa Capital commenced business today.
Standard Bank and the Consortium welcome the implementation of this venture,
which reaffirms their ongoing commitment to black economic empowerment in South
Africa.
Johannesburg
1 August 2003
Merchant bank and sponsor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Legal adviser to Standard Bank
Bowman Gilfillan
John & Kernick * Findlay & Tait
Legal adviser to the Consortium
Werksmans Incorporated
(Registration number 1990/007215/21)
Corporate legal adviser to Safika
Derek H Rabin and Associates (Proprietary) Limited
(Registration number 2002/013811/07)
Date: 01/08/2003 05:52:55 PM Supplied by www.sharenet.co.za
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