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Thu 22 Jan 2004, 13:47 isclosure In Terms Of Rule 7.1 Of The Securities R
Pepkor Limited - Disclosure In Terms Of Rule 7.1 Of The Securities Regulation   
                   Code On Takeovers And Mergers                                  
  Pepkor Limited                                                                  
  Ordinary share code: PEP                                                        
  ISIN: ZAE000005344                                                              
  DISCLOSURE IN TERMS OF RULE 7.1 OF THE SECURITIES REGULATION CODE ON TAKEOVERS  
  AND MERGERS.                                                                    
  Date of disclosure       : 22 January 2004                                      
  Date of dealing          : 21 January 2004                                      
  Dealing in               : Pepkor Limited (registration number 1965/007765/06)  
  Class of shares          : Ordinary shares                                      
  Number bought            : 608 942                                              
  Price per unit           : R11.75                                               
  Name of purchaser        : Old Mutual Life Assurance Company (South Africa)     
                             Limited                                              
  Party making disclosure  : Exchange Sponsors (Pty) Ltd                          
  Corporate advisor to Castellina            Transaction and lead sponsor         
  Brait                                      Exchange Sponsors                    
  Date: 22/01/2004 01:21:02 PM Produced by the JSE SENS Department                
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