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Proposed voluntary liquidation and delisting of Hu

Proposed voluntary liquidation and delisting of Huntcor. Huntcor ordinary

shareholders will receive 198.6 HLH ords for every 100 Huntcor held. Huntcor

preference shareholders will receive 200.2 HLH prefs for every 100 Huntcor

held. HLH will acquire the entire pref capital of Rainbow and convert the prefs

to ords. HLH will then distribute its entire Rainbow holding to shareholders in

the ratio 362.6 Rainbows for every 100 HLH ords or prefs held. LDR 05/12/97.

Huntcor will be delisted on 28/11/97.