Notice is hereby given that Bidvest intends to make an interim cash distribution by way of a pro rata share buy back. The implementation will be effected by way of a scheme of arrangement in terms of section 311 of the Companies Act for the repurchase of 1,82% of every members’ shareholding in Bidvest at a price of R121,00 per share being a premium of 15,3% over the last 30 days weighted average share price of Bidvest. The payment will equate to an effective distribution of 220,0 cents per share (2006: 198,0 cents). On the basis that the scheme of arrangement is successfully implemented, it is anticipated that shareholders will receive payment on or about May 5 2008.

The rationale for Bidvest implementing the pro rata buy back by scheme of arrangement is to ensure all shareholders are treated on a uniform basis and that after implementation, a shareholders’ effective percentage holding of Bidvest would not have changed. Bidvest would benefit in that a reduction of shares in issue would be earnings enhancing and accordingly all shareholders would share in the accretion. The requisite circular to shareholders will be posted to shareholders in due course and a further announcement detailing the salient dates and notice of scheme meeting will be published shortly.

For and on behalf of the board

MA David
Company Secretary

Johannesburg
February 29 2008