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Rainbow moves to STRATE

The company will move to the electronic settlement environment with dematerialisation occurring during the week commencing 21 May 01. The first day of trading for electronic settlement is 11 Jun 01 with the first electronic settlement to take place on 18 Jun 01. Shareholders should submit their share certificates to a Central Securities Depository Participant or qualifying stockbroker for conversion on or soon after the dematerialisation date.