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Thu 20 Nov 2003, 17:47 SALE OF 10% OF BJMH TO THE MAZWAI CONSORTIUM
BARNARD JACOBS MELLET HOLDINGS LIMITED                                          
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1995/004798/06)                                            
Share code: BJM                                                                 
ISIN :ZAE000014262                                                              
("BJMH")                                                                        
SALE OF 10% OF BJMH TO THE MAZWAI CONSORTIUM                                    
Shareholders are referred to the announcements dated 1 August 2003, 7 August    
2003 and 3 September 2003 and are advised that the final agreements relating to 
the sale of 10% of BJMH to the Mazwai Consortium have now been signed.          
A circular containing full details of the transaction and convening a general   
meeting of shareholders to be held on or about 22 January 2004 will, subject to 
the approval of the JSE Securities Exchange South Africa, be posted to          
shareholders on or about 19 December 2003.                                      
Johannesburg                                                                    
20 November 2003                                                                
Merchant   Corporate  Lead       Legal adviser  Corporate   Legal adviser to    
bank and   adviser    sponsor    to BJMH        adviser to  Mazwai Consortium   
independe  and joint  to BJMH                   Mazwai                          
nt         sponsor                              Consortium                      
adviser    to BJMH                                                              
to BJMH                                                                         
Rand       Barnard    Deloitte   Prinsloo,      Java        Ledwaba Mazwai      
Merchant   Jacobs     & Touche   Tindle &       Capital     Attorneys           
Bank       Mellet     Sponsor    Andropoulos                                    
-A         Corporate  Services   Inc                                            
division   Finance    (Pty)                                                     
of         (Pty) Ltd  Limited                                                   
FirstRand                                                                       
Bank                                                                            
Limited-                                                                        
Corporate                                                                       
Finance                                                                         
Date: 20/11/2003 05:10:02 PM Supplied by www.sharenet.co.za                     
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