WHL - Woolworths Holdings Limited - Securitisation - Redemption Of
2 Year Notes And Tap Issue
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1929/001986/06
Share code: WHL & ISIN: ZAE000063863
("Woolworths Holdings" or "the Company")
SECURITISATION - REDEMPTION OF 2 YEAR NOTES AND TAP ISSUE
Woolworths sold R2.3 billion of in-store card receivables to a special
purpose vehicle, Account On Us (Proprietary) Limited ("Account On Us") in
The first series of the initial issue of notes, with a total value of R300
million, matures on 25 February 2007. A new issuance of notes is now
planned, in order to replace the notes redeemed and to purchase additional
assets into the structure. The book-build is scheduled for 28 February
2007 and the amount to be raised is estimated to be R1 billion.
A presentation on the further issue is set out in a presentation prepared
by Standard Bank, Corporate and Investment Banking, which is available on
the Company`s website at www.woolworthsholdings.co.za.
13 February 2007
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/02/2007 09:51:00 Produced by the JSE SENS Department.