GFSA G4s Plc

RNS No 3398w
GOLDFIELDS OF SOUTH AFRICA LIMITED
NORTHAM PLATINUM LIMITED
RANDFONTEIN ESTATES GOLD MINING COMPANY, WITWATERSRAND, LTD
VOGELSTRUISBULT METAL HOLDINGS LIMITED
14th October 1998

New Wits Limited
(Incorporated in the Republic of South Africa)
(Registration number 05/04822/06)
 ("New Wits")

Announcement regarding :

* the result of the application to the High Court of South Africa;
* salient dates of the unbundling; and
* the disposal of odd-lot shares.

1. Result of the application to the High Court of South Africa

Further to the announcement published on 17 September 1998, Standard Corporate
and Merchant Bank is authorised to announce that:

* the High Court of South Africa (Witwatersrand Local Division) ("the Court")
confirmed the reduction in the share premium account of New Wits in terms of
Section 84 of the Companies Act, 1973 (Act 61 of 1973), as amended, at a
hearing held on Tuesday, 13 October 1998; and
 
* the special resolution reducing New Wits' share premium account which was
passed at the New Wits general meeting, together with the Order of Court
confirming the reduction of share premium, have been registered by the
Registrar of Companies,

thus fulfilling all conditions precedent for the completion of the unbundling.
 Accordingly, New Wits will distribute to its shareholders registered as such
at 17:30 on Friday, 16 October 1998, the following shares:

- Anglo American Platinum Corporation Limited;
- Anglo American Investment Trust Limited;
- Anglogold Limited;
- Commercial Union of South Africa Limited;
- Gold Fields Limited;
- Gold Fields of South Africa Limited;
- Northam Platinum Limited;
- The Randfontein Estates Gold Mining Company, Witwatersrand, Limited;
- Sasol Limited;
- Vogelstruisbult Metal Holdings Limited; and 
- Western Areas Gold Mining Company Limited,

(collectively "the affected companies") in terms of  section 60 of the Income
Tax Act, 1993 (Act 113 of 1993), as amended, by way of the reduction in the
share premium account and a dividend in specie.  Accordingly, New Wits' shares
will begin trading on the Johannesburg Stock Exchange ("the JSE") and the
London Stock Exchange ("the LSE") ex-entitlement to the unbundling
consideration on Monday, 19 October 1998. 


2. Salient dates of the unbundling


                                                                  1998
Record date (New Wits shareholders must 
be registered by 17:30 South African time 
in order to participate in the unbundling)           Friday, 16 October

New Wits shares begin trading on the JSE and
the LSE ex-entitlement to the unbundling 
consideration                                        Monday, 19 October

Share certificates in respect of the shares 
held in the affected companies and cheques in 
respect of fractional entitlements posted 
to New Wits shareholders                              Friday, 23 October

All transactions on the JSE and the LSE in New Wits shares during the week
ending Friday, 16 October 1998 will be for immediate settlement.

3. Odd-lot facility

New Wits shareholders are advised that odd-lots of shares held in the affected
companies arising from the unbundling may be disposed of by utilising the
odd-lot facility provided by the JSE.  New Wits shareholders wishing to
dispose of their odd-lots in the affected shares are advised to contact their
stockbroker to facilitate the disposal of their odd-lots at the then ruling
market price.


Johannesburg
14 October 1998


END

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