January 25 2006
Bidvest concludes sale of the Dartline Cross Channel Ferry business in the United Kingdom
Bidvest announces that it has concluded a transaction for the sale of its cross channel ferry business in the United Kingdom, including the terminal at Dartford, Kent for an amount of £58,9 million (fifty eight million nine hundred thousand pounds sterling). The transaction is effective from January 1 2006.
Further details of this transaction will be provided on the release of the Group's results for the six months ended December 31 2005, due to be released on or about Monday February 27 2006.
By order of the board
Investec Bank Limited
Deutsche Securities (Pty) Limited
The Bidvest Group Limited
Incorporated in theRepublic of South Africa
Registration number 1946/021180/06
Share code: BVT
("Bidvest" or "the Company" or "the Group")