RNS Number:7448O
Genbel South Africa Ld
31 July 2000

Letter to Company Announcements Office

GENBEL SOUTH AFRICA LIMITED (REGISTERED IN THE REPUBLIC OF SOUTH AFRICA)

It has come to our notice that Genbel South Africa redeemed all their 1 cent
cumulative preference shares during 1999.  The redemptions took place as
follows:

R100m (100 million pref shares)     19/7/1999
R10m  (10 million pref shares)      23/7/1999
R15m  (15 million pref shares)      31/8/1999

From

Project Consultants Limited as 
London Secretaries for Genbel South Africa Limited
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