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Mon 22 Sep 2003, 16:40 ANNOUNCEMENT
OSI HOLDINGS LIMITED - ANNOUNCEMENT                                             
  OSI HOLDINGS LIMITED                                                            
  Incorporated in the Republic of South Africa                                    
  (Registration number 1996/000749/06)                                            
  Share code: OSI                                                                 
  ISIN: ZAE000016739                                                              
  ("OSI")                                                                         
  NOTICE IN TERMS OF SECTION 440K OF THE COMPANIES ACT 61 OF 1973, AS AMENDED     
  ("THE ACT")                                                                     
  Merchant Sponsors (Proprietary) Limited is authorised to announce that OSI has  
  given notice in terms of Section 440K(1)(a) of the Act to compulsorily acquire  
  all shares from those shareholders who have not accepted the offer by OSI to OSI
  shareholders other than the controlling shareholders and the share trust ("the  
  remaining shareholders"). A notice in terms of Section 440K(1)(a) of the Act    
  will be posted to the remaining shareholders today.                             
  Centurion                                                                       
  22 September 2003                                                               
  Sponsor               Corporate adviser               Legal adviser             
  Merchant Sponsors     Merchantec Corporate Finance     Fluxmans Incorporated    
  Date: 22/09/2003 04:15:04 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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