CSH/ BTG - RESULTS OF THE OFFER FROM BYTES TECHNOLOGY GROUP LTD TO CS COMPUTER
SERVICES HOLDINGS LTD SHAREHOLDERS
CS COMPUTER SERVICES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/015131/06)
Share code: CSH ISIN: ZAE000022034
(`CSH`)
BYTES TECHNOLOGY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1911/003874/06)
Share code: BTG ISIN: ZAE000029526
(`BTG`)
RESULTS OF THE OFFER FROM BYTES TECHNOLOGY GROUP LTD (`BYTES`) TO CS COMPUTER
SERVICES HOLDINGS LTD (`CSH`) SHAREHOLDERS
RESULTS OF THE OFFER
BTG and CSH have been advised by CSH`s transfer secretaries that the total
number of acceptances received for the offer, which closed at 12:00 on Friday 10
December, 2004 was 242 944 288 CSH shares representing 98.99% of CSH`s issued
stated capital.
NOTICE IN TERMS OF SECTION 440K OF THE ACT
As the offer has been accepted by CSH shareholders in respect of more than 90%
of the offer shares and the offer is unconditional in all respects, BTG will
compulsorily acquire, in terms of section 440K(1)(a) of the Companies Act No. 61
of 1973, as amended (the `Act`), the remainder of the offer shares, on the same
terms and conditions as those of the offer, held by CSH shareholders who have
not accepted the offer.
A notice and circular, issued by BTG in terms of section 440K(1)(a) of the Act,
was posted on Saturday 4 December 2004 to those CSH shareholders who had not yet
accepted the offer.
NOTICE OF DATE OF DELISTING OF CSH SHARES
The date of delisting of the CSH shares is expected to be at the commencement of
trading on Thursday 20 January 2005.
Midrand Sandton
13 December 2004 13 December 2004
Financial adviser and joint Legal adviser to BTG Joint sponsor to BTG
sponsor to BTG
Cazenove Werksmans Nedbank Capital
Independent financial Legal adviser to CSH Sponsor to CSH
adviser to CSH
Bridge Capital Brink Cohen Le Roux BJM
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