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Thu 15 Sep 2005, 16:34 Purple Capital Limited -Results Of General Meeting
Purple Capital Limited - Results Of General Meeting                             
PURPLE CAPITAL LIMITED                                                          
(formerly AVASA Holdings Limited)                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/013637/06)                                            
Share code: PPE     ISIN: ZAE000063897                                          
(`Purple Capital` or `the company`)                                             
RESULTS OF GENERAL MEETING                                                      
At a general meeting of shareholders held today, the ordinary and special       
resolutions required to give effect to the BEE transactions and the share       
consolidation were approved by the requisite majority of shareholders.          
Shareholders are reminded of the following salient dates and times pertaining to
the share consolidation:                                                        
                                                                         2005   
Last day to trade for the share consolidation on         Friday, 30 September   
New capital structure listed. Entitled to trade in                              
 the new shares under the new ISIN of ZAE000071411 on       Monday, 3 October   
Record date for the share consolidation on                  Friday, 7 October   
Operative date of share consolidation on                   Monday, 10 October   
New shares issued on                                       Monday, 10 October   
Holders of dematerialised shares will have their                                
 accounts at their CSDP or broker updated on               Monday, 10 October   
New share certificates will be posted to holders of                             
certificated shares, provided their old share                                  
 certificates have been surrendered on or before                                
 Friday, 7 October 2005 (or within 5 business days                              
 of receipt thereafter) on                                 Monday, 10 October   
Note:                                                                           
Share certificates in pre-consolidated form may not be dematerialised or        
rematerialised after Friday, 30 September 2005.                                 
Johannesburg                                                                    
15 September 2005                                                               
Sponsor                                                                         
   BRIDGE CAPITAL                                                               
Date: 15/09/2005 04:24:53 PM                   
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