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Mon 23 May 2005, 16:35 RESULTS OF THE OFFER FROM KATOPE INTERNATIONAL TO
Intertrading Limited - Results Of The Offer From Katope International To        
Intertrading Shareholders                                                       
Intertrading Limited                                                            
Incorporated in the Republic of South Africa                                    
(Registration Number 1987/004777/06)                                            
Code: ITR     ISIN:  ZAE000015566                                               
(`Intertrading`)                                                                
Katope International                                                            
Societe Anonyme au capital de 2.712.000 Euros                                   
Siege social: 53, rue de Montpellier                                            
94 Rungis                                                                       
R.C.S. Creteil B 722 011 061 - NAF 513A                                         
(`Katope International`)                                                        
RESULTS OF THE OFFER FROM KATOPE INTERNATIONAL TO INTERTRADING SHAREHOLDERS     
Imara Corporate Finance South Africa is authorised to announce that the Katope  
International offer to Intertrading shareholders, which closed at 12h00 on      
Friday 20 May 2005, was accepted by Intertrading shareholders to the extent of 8
900 754 shares, representing approximately 17.8% of Intertrading`s issued share 
capital.                                                                        
Katope now owns 17 625 754 shares, representing approximately 35.3% of          
Intertrading`s issued share capital, and controls, in association with Conafex  
Holdings SA, 26 350 754 shares, representing approximately 52.7% of             
Intertrading`s issued share capital.                                            
Johannesburg                                                                    
23 May 2005                                                                     
Corporate Advisor to Katope and the transaction                                 
Imara Corporate Finance South Africa (Pty) Limited                              
Sponsor and Corporate Advisor to Intertrading                                   
SASFIN                                                                          
Date: 23/05/2005 04:23:43 PM    
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