Shops for Africa shareholders are referred to the announcement dated 3 April 2006, previous announcements published 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 to ApexHi, the distribution of the disposal consideration consisting of Apex-Hi linked units, 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. Trade in the linked units of the company on the JSE was suspended on Monday, 24 May 2004 and Mr Jurgens Steenkamp was appointed as liquidator to the company. Shareholders were advised that the finalisation of the winding up of the company and therefore payment of the final liquidation dividend had been delayed as a result of delays in obtaining final income tax assessments. During the course of the liquidation Trematon Capital Investments Ltd ("Trematon") acquired 75.8% of the issued share capital of Shops for Africa. Shareholders are advised that a further announcement will be made after 27 September 2006, the return date of the rule nisi.
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