/ 25 July 2000

USKO PLANS RIGHTS OFFER

SOUTH African information technology service company Usko Ltd said it planned to raise between R210m and R250m with a rights offer of new Usko shares. It said the proceeds of the offer would be used to reduce debt to strengthen its balance sheet and position it to capitalise on growth opportunities. The terms of the rights offer would be made on or about July 31. – Reuters