| Tue 14 Feb 2006, 7:00 | | Vodafone/VenFin - Vodafone offer for VenFin (the O |
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VNF
Vodafone/VenFin - Vodafone offer for VenFin (the "Offer") - update on
acceptances
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
AUSTRALIA,
CANADA OR JAPAN.
Vodafone Holdings (SA) (Pty) Limited VenFin Limited
(Incorporated in the Republic of South (Incorporated in the Republic of
Africa) South Africa)
(Registration number: 1993/005373/07) (Registration number:
1948/031037/06)
("Vodafone") (Share code: VNF)
(ISIN Code: ZAE000026498)
("VenFin")
Vodafone offer for VenFin (the "Offer") - update on acceptances
1. Level of acceptances
Vodafone announces that, as at 17:00 on 13 February 2006, valid acceptances
of the Offer have been received in respect of a total of 354 342 458 VenFin
ordinary shares (93.5% of the Offer shares). Combined with the 30 252 460
ordinary shares held by Vodafone Group Plc and the 35 506 352 VenFin B
ordinary shares acquired from Rembrandt Trust (Proprietary) Limited,
Vodafone group has an effective economic interest in VenFin of 94.5% and an
effective voting interest of 96.8%.
2. Payment of Offer consideration
Offer participants who validly accept the Offer will receive the Offer
consideration within five business days of tendering their shares. VenFin
shares acquired on or after 13 February 2006 are not eligible to
participate in the Offer.
3. Participation in Newco
Only shareholders who validly accept the Offer will be able to subscribe
for Newco shares at the price of R11.24 per share. You will not be able to
subscribe for shares in Newco if you do not validly accept the Offer
Netherlands / Johannesburg
13 February 2006
Financial advisers to Vodafone: UBS and Goldman Sachs
South African attorneys to Vodafone: Webber Wentzel Bowens
International attorneys to Vodafone: Linklaters
Merchant Bank and Sponsor to VenFin in relation to the Offer: Rand Merchant
Bank, a division of FirstRand Bank Limited
Attorneys to VenFin in relation to the Offer: Hofmeyr Herbstein & Gihwala Inc
Important information
The Offer is not being made, directly or indirectly, in or into, or by use of
the mails of, or by any other means or instrumentality (including, without
limitation, telephonically or electronically) of interstate or foreign commerce
of, or any facilities of a national securities exchange of, the United States,
Australia, Canada or Japan and the Offer is not capable of acceptance by any
such use, means, instrumentality or facility or from within the United States,
Australia, Canada or Japan. Accordingly, neither copies of this announcement nor
any related documentation are being or may be mailed or otherwise distributed or
sent in or into or from the United States, Australia, Canada or Japan.
Even though the Offer is not being made in or into the jurisdictions mentioned
above, the Offer is made (subject to the terms set out in the Offer document) to
all holders of ordinary shares in VenFin, including those to whom the Offer
document may not have been despatched, but excluding Vodafone group and any
subsidiaries of VenFin. The offerees are informed that copies of the Offer
document, including the attached form of acceptance, surrender and transfer are
available for collection (during normal business hours) from Computershare
Investor Relations 2004 (Proprietary) Limited at 70 Marshall Street,
Johannesburg, 2001 South Africa.
Date: 14/02/2006 07:00:40 AM Produced by the JSE SENS Department
