RNS Number:1085R
Genbel South Africa Ld
18 September 2000


In accordance with the terms of the capitalisation award detailed in the
circular to shareholders dated 1 September 2000 the weighted average traded
price of Genbel shares on the JSE during the four-day period ending Thursday
14 September 2000 is Rand 19.000743.

For shareholders electing to receive the dividend of 70 cents per ordinary
share, the rate of exchange to be applied shall be #1sterling=10.0572Rand.


C Kennedy
London Secretaries
pp Genbel South Africa Limited
Project Consultants Limited
Walnut House
Walnut Gardens
Claydon
Banbury
Oxon OX17 1NA
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