10 Jan 2006
Declaration of interest on debentures
Notice is hereby given that debenture interest of 0.575 cents per debenture for the sixteen days ended Monday, 16 January 2006 will be paid to JCI debenture holders recorded in the register of the Company at the close of business on Friday, 13 January 2006 (“the record date”). The interest rate applicable is the prime interest rate quoted by The Standard Bank of South Africa Limited on overdrafts to its prime customers in the private sector, being 10.5% from 1 January 2006 to 16 January 2006. JCI debenture holders should take note that, in the event of any change in the applicable interest rate materialising before 16 January 2006, the debenture interest payable will be amended accordingly. Should any change occur in this regard an appropriate announcement will be made on the Securities Exchange News Service (“SENS”) of JSE Limited.
The last date to trade O-T-C (Over-the-Counter) cum interest was Friday, 6 January 2006 and the debentures remain suspended from trading. In respect of dematerialised JCI debenture holders, interest will be transferred to Central Securities Depository Participant accounts/broker accounts on Monday, 16 January 2006 (“the pay date”). Certificated debenture holders’ interest cheques will be posted on or about the pay date.
JCI debenture holders on the United Kingdom register will receive interest in Sterling, determined by the Rand debenture interest amount converted at the applicable prevailing exchange rate on Tuesday, 10 January 2006.
Status of the debentures
JCI debenture holders are reminded that the listing of the debentures remains suspended and their conversion or redemption will take place on Monday, 16 January 2006, in accordance with the circular dated 30 November 2005.
10 January 2006
Sponsor: Sasfin Capital
Trustee: Sasfin Bank Limited