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Thu 18 Aug 2005, 10:55 Shops for Africa - Voluntary Winding Up
Shops for Africa - Voluntary Winding Up                                         
Shops for Africa Limited (In Liquidation)                                       
Suspended                                                                       
(Incorporated in the Republic of South Africa)                                  
(Company Registration Number 2000/018084/06)                                    
Share Code: SFA    ISIN Code: ZAE000031241                                      
(`Shops for Africa` or `the company`)                                           
VOLUNTARY WINDING UP                                                            
Shops for Africa linked unit-holders (`unit-holders`) are referred to previous  
announcements on SENS and in the press, and the circular dated 19 February 2004,
wherein they were advised of the disposal by Shops for Africa of its entire     
property portfolio, the voluntary winding up of the company, the suspension of  
trading in the company`s linked units and the subsequent termination of the     
company`s listing on the JSE Securities Exchange South Africa (`JSE`).  Trade in
the linked units of the company on the JSE was suspended on Monday, 24 May 2004.
Unit holders are advised that the finalisation of the winding up of the company 
has been delayed as a result of delays in obtaining final income tax assessments
and is now expected to be finalised towards the end of 2005 when the final      
liquidation dividend will be paid.  The listing of the company`s linked units on
the JSE will be terminated once the winding up has been finalised.              
Cape Town                                                                       
18 August 2005                                                                  
Sponsor and Corporate Advisor                                                   
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
Date: 18/08/2005 10:48:05 AM
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