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SCHEDULE

(rule 3(c)(ii))

Details to be set out, specified or otherwise included in the explanatory statement

1. The date of the Board meeting at which the proposal for share purchase was approved by the directors of the company. 

2. Information on the purpose of the purchase of the shares.  

3.

Particulars of the process and method of the purchase of the shares.  

4.

The minimum and maximum number of shares that the company proposes to purchase, sources of funds and the cost of financing the purchase of the shares.

5.

The proposed purchase price of the shares.  

6.

A report addressed to the Board of directors by the company’s auditors stating that -

a.

they have inquired into the  company’s state of affairs;  

b.

the Board of directors have formed the opinion on  reasonable grounds and that the company will not, having regard to its state of affairs, be rendered insolvent within a period of one year from that date.

7.

Information relevant to the purchase, including percentage of the total paid up capital and reserves proposed to be used for the purchase. 

8.

The proposed timetable from opening till the close of the purchase operation.  

9.

A statement as to whether there has been any offer to sell shares by any member of the Board of directors and any substantial shareholder.

10.

Details of the audited accounts of the company for the last 3 years.  

11.

Stock market data including -

a.

high, low and average market price of the shares of the company during the preceding year;

b.

monthly high and low prices for the 6 months preceding the date of the explanatory statement;

c.

periods marked by a change in capital structure, which shall commence from the date the stock exchange recognises the change in the capital structure;

d.

the market price immediately after the date of the Board resolution has approved the purchase of shares and the volume of shares traded in each month during the 6 months preceding the date of the public announcement; 

e.

 high, low and average share price of the company; and  

f.

details relating to the volume of business transacted for the respective 6 months periods.

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