The sale of textiles division

10 January 2001

The Tongaat-Hulett Group Limited is pleased to advise that all conditions precedent relating to the sale of its Textiles Division, David Whitehead & Sons (S.A.) (Pty) Limited, to a company represented by Stefano Magni have been fulfilled effective 30 September 2001.

Whiteheads will continue to focus on apparel and home textiles with a view to growing its domestic and export business.