Questions relating to the offer

1. What was the cost of the Media24 shares purchased to provide Welkom Yizani shares and who paid the difference between this and the offer price?

   The Media 24 Empowerment Transaction enabled participants to indirectly own a stake in Media24, with the funding for 80% of this stake being provided by Media24 Holdings through the Welkom Yizani preference shares and the remaining 20% being provided by you through your application for the Welkom Yizani ordinary shares;

2. What was the original offer price?

   R 10 per share

3. How much of Media24 is owned by Welkom Yizani?

   15%

4. How was the allocation of shares made and why did I only get 430 shares?

   The number of shares applied for was far greater than the number of shares available for purchase. As a result, all successful applicants were allocated shares to a maximum of 430 shares or R4 300's worth of shares. In keeping with the broad-based objective of the public offer, it was resolved that, in respect of all verified applications, all applicants that applied for up to 430 (R4 300) Welkom Yizani ordinary shares will be allocated the full number of Welkom Yizani ordinary shares they applied for. Applicants who applied for more than 430 shares (R4 300) will receive 430 (R4 300) ordinary shares.

   So, to summarize, applicants for R4300 or less, received all the shares that they applied for while those who applied for more than R4300, received the maximum of 430 shares and a refund for the balance of their money.

5. I applied for [x] shares but got less.

   This is the difference between what you have applied for and what was allocated to you which is R4 300 (430 shares)

6. Money was deposited into my bank account, what is it for?

   This is the difference between what you have applied for and what was allocated to you which is R4 300 (430 shares)

7. The offer in Welkom Yizani was launched end of September and ran throughout the month of October, finally closing on 03 November 2006. Quite some time has passed since then. Why has it taken so long to allocate the shares and pay the refunds?

   There are a number of reasons for this delay.

   The response to the invitation to apply for shares was overwhelming. We received tens of thousands more applications than was originally anticipated

   1. The processing of the applications took place during the holiday period in December . not the best time of the year to embark on a huge administrative exercise such as this.

   2. There were a number of different processes involved in completing the allocation of shares and refunds. For example we had to make absolutely sure that we had everyone.s details correctly captured such as their addresses and banking details.

   3. We are now on track and most of the refunds have already taken place. Those applicants who received their refunds after 5 January have received interest on their money, even though there was no obligation to pay such interest.

   4. A full package of information has also been sent to all the shareholders. This included:

      • A confirmation receipt notifying you of the shares allocated to you

      • An allocation statement detailing the shares allocated and the refund paid if there was one

      • A data sheet advising you of your details as on our register with a request that you inform us of any changes by completing the applicable blocks and returning the data sheet to us

8. I have not received notification of my allocation

   Please contact the call centre on 0860 12 12 24 with the following details:

   • Name

   • ID Number

   • Contact number

9. The statement I got advising me of the number of shares I was allotted mentions that I should receive a refund. I have not received this payment.

   Please contact the call centre on 0860 12 12 24 with the following details:

   • Name

   • ID Number

   • Contact number