CASH OFFER TO SHAREHOLDERS OF HOSKEN CONSOLIDATED INVESTMENTS LIMITED (“HCI”) FOR THEIR SHAREHOLDINGS IN SOFTLINE LIMITED (“SOFTLINE” OR “THE COMPANY”) IF YOU ARE A HCI SHAREHOLDER THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN ANY DOUBT AS TO WHAT ACTION TO TAKE, PLEASE CONSULT YOUR STOCKBROKER OR OTHER PROFESSIONAL ADVISER. ACTION REQUIRED HCI SHAREHOLDERS WHO ELECT TO ACCEPT THE OFFER INCORPORATED IN THIS NOTICE SHOULD COMPLETE THE FORM OF ACCEPTANCE, SURRENDER AND TRANSFER ENCLOSED WITH THIS NOTICE AND RETURN SAME AS SOON AS POSSIBLE TOGETHER WITH THEIR ORIGINAL HCI SHARE CERTIFICATE(S) AND/OR OTHER DOCUMENTS OF TITLE, TO THE TRANSFER SECRETARIES, MERCANTILE REGISTRARS LIMITED, 10TH FLOOR, 11 DIAGONAL STREET, JOHANNESBURG 2001 (PO BOX 7184, JOHANNESBURG 2000) SO AS TO BE RECEIVED BY THEM BY NOT LATER THAN 16:00 ON TUESDAY, 25 MAY 1999. IT SHOULD BE NOTED THAT IF YOU ACCEPT THE OFFER, YOU CANNOT TRADE YOUR HCI SHARES UNTIL THE PROPOSED UNBUNDLING PROCESS HAS BEEN COMPLETED SO AS TO ENSURE THAT ELECTION CAN BE GIVEN EFFECT TO. SHAREHOLDERS SHOULD ALSO TAKE COGNISANCE OF THE CONDITIONS PRECEDENT SET OUT IN SECTION 6. 1. INTRODUCTION AS WAS ANNOUNCED ON 7 MAY 1999 AND 13 MAY 1999, VESTACOR CORPORATE FINANCE HAS FORMED A CONSORTIUM COMPRISING IVAN EPSTEIN, STEVEN COHEN (CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER OF SOFTLINE RESPECTIVELY), GENBEL SECURITIES LIMITED AND GENSEC ASSET MANAGEMENT (“GENSEC”) AND OTHERS. THE CONSORTIUM WILL PROVIDE A CASH OFFER TO HCI SHAREHOLDERS RECEIVING SOFTLINE SHARES IN TERMS OF THE PROPOSED HCI UNBUNDLING (“THE OFFER”). 2. TERMS AND CONDITIONS OF THE OFFER 2.1 THE CONSORTIUM HEREBY OFFERS TO ACQUIRE FROM HCI SHAREHOLDERS ALL THEIR SOFTLINE SHARES (“THE OFFER SHARES”) IN EXCHANGE FOR A CASH CONSIDERATION OF 742 CENTS PER OFFER SHARE PAYABLE IN THE CURRENCY OF THE REPUBLIC OF SOUTH AFRICA (“SOUTH AFRICA”). 2.2 THE OFFER OPENS AT 09:30 ON MONDAY, 17 MAY 1999 AND CLOSES AT 16:00 ON TUESDAY, 25 MAY 1999. 2.3 THE OFFER IS OPEN TO ALL HOLDERS OF HCI SHARES AT THE CLOSE OF BUSINESS ON FRIDAY, 14 MAY 1999. 2.4 THE OFFER MAY ONLY BE ACCEPTED BY AN HCI SHAREHOLDER IN RESPECT OF ALL HIS UNBUNDLED SOFTLINE SHARES AND NOT IN RESPECT OF A PART OF AN UNBUNDLED HOLDING. 2.5 THE OFFER AND ITS ACCEPTANCE WILL BE GOVERNED BY THE LAWS OF SOUTH AFRICA. 2.6 THE OFFER IS NOT TO BE CONSTRUED AS AN OFFER IN ANY AREA OF JURISDICTION IN WHICH IT IS ILLEGAL TO MAKE SUCH AN OFFER. IN SUCH CIRCUMSTANCES THIS NOTICE SHALL BE REGARDED AS HAVING BEEN SENT FOR INFORMATION PURPOSES ONLY AND ANY PERSON AFFECTED AS AFORESAID MAY DIRECT ANY ENQUIRIES REGARDING THE OFFER TO THE CONSORTIUM. 2.7 IF THE PROPOSED UNBUNDLING DOES NOT TAKE PLACE, SHARE CERTIFICATES AND/OR DOCUMENTS OF TITLE WILL BE RETURNED TO HCI SHAREHOLDERS AT THE COST OF THE CONSORTIUM. 3. PROCEDURE FOR ACCEPTING THE OFFER 3.1 HCI SHAREHOLDERS WHO WISH TO ACCEPT THE OFFER MUST COMPLETE AND SIGN THE FORM BELOW IN ACCORDANCE WITH THE INSTRUCTIONS THEREIN AND ENCLOSE THEIR HCI SHARE CERTIFICATE AND/OR OTHER DOCUMENT OF TITLE IN RESPECT OF THEIR SOFTLINE SHARES IN AN ENVELOPE MARKED “HCI”-“SOFTLINE OFFER” WHICH MUST BE: POSTED PRIORITY REGISTERED MAIL TO: OR DELIVERED TO: MERCANTILE REGISTRARS LIMITED MERCANTILE REGISTRARS LIMITED PO BOX 7184 10TH FLOOR JOHANNESBURG 11 DIAGONAL STREET 2000 JOHANNESBURG 2001 TO BE RECEIVED BY NOT LATER THAN 16:00 ON TUESDAY, 25 MAY 1999. 3.2 NO RECEIPT WILL BE ISSUED FOR THE FORM AND DOCUMENTS OF TITLE ACCOMPANYING SAME, UNLESS SPECIFICALLY REQUESTED. LODGING AGENTS WHO REQUIRE SPECIAL TRANSACTION RECEIPTS ARE REQUESTED TO PREPARE SUCH RECEIPTS AND SUBMIT THEM FOR STAMPING TOGETHER WITH THE DOCUMENTS OF TITLE LODGED. 3.3 ACCEPTANCES OF THE OFFER SENT THROUGH THE POST ARE SENT AT THE RISK AND THE COST OF THE ACCEPTING HCI SHAREHOLDER CONCERNED. IT IS RECOMMENDED THAT SUCH ACCEPTANCES BE SENT BY REGISTERED PRIORITY OR CERTIFIED MAIL. 3.4 ACCEPTANCES OF THE OFFER SUBMITTED MUST BE SUBMITTED FOR THE ENTIRE HCI SHAREHOLDING SHOWN ON THE CERTIFICATE AND ACCORDINGLY, THE SHARE CERTIFICATES MAY NOT BE SPLIT. 3.5 SHAREHOLDERS WHO ACCEPT THE OFFER WILL BE RESTRICTED FROM TRADING THEIR HCI SHARES FROM THE DATE OF ACCEPTANCE TO THE DATE OF SOFTLINE SHARES BEING ISSUED TO HCI SHAREHOLDERS, IN TERMS OF THE PROPOSED UNBUNDLING, WHICH IS ENVISAGED TO BE TOWARDS THE END OF JULY 1999. 3.6 HCI SHAREHOLDERS ELECTING THE OFFER WILL NOT RECEIVE SOFTLINE SHARES BUT WILL RECEIVE PAYMENT AS SET OUT IN PARAGRAPH 4 BELOW. 3.7 A CIRCULAR WILL BE SENT TO SHAREHOLDERS CONTAINING A FORM OF ACCEPTANCE, SURRENDER AND TRANSFER. HCI SHAREHOLDERS ACCEPTING THE OFFER CAN EITHER COMPLETE THE FORM SET OUT BELOW OR THE FORM CONTAINED IN THE CIRCULAR. 4. METHOD OF PAYMENT 4.1 THE CONSORTIUM WILL ISSUE CHEQUES IN PAYMENT OF THE OFFER WITHIN SEVEN DAYS OF THE SOFTLINE SHARES BEING UNBUNDLED BY HCI, PROVIDED THE CONDITIONS PRECEDENT SET OUT BELOW HAVE BEEN MET AND THE REQUIRED RELEVANT DOCUMENTS OF TITLE, HAVING BEEN RECEIVED BY THE TRANSFER SECRETARIES BY 16:00 ON TUESDAY, 25 MAY 1999. 4.2 CHEQUES WILL BE POSTED BY REGISTERED POST, AT THE RISK OF THE HCI SHAREHOLDERS CONCERNED. 4.3 THE FOLLOWING SHALL APPLY IN THE CASE OF HCI SHAREHOLDERS WHOSE REGISTERED ADDRESSES ARE OUTSIDE THE COMMON MONETARY AREA: 4.3.1 EMIGRANTS THE RAND CONSIDERATION DUE TO HCI SHAREHOLDERS WHO ARE EMIGRANTS FROM SOUTH AFRICA, AND WHOSE DOCUMENTS OF TITLE HAVE BEEN RESTRICTIVELY ENDORSED UNDER THE EXCHANGE CONTROL REGULATIONS OF SOUTH AFRICA AND WHO ACCEPT THE OFFER, WILL BE DEPOSITED IN A BLOCKED RAND ACCOUNT WITH THE AUTHORISED DEALER IN FOREIGN EXCHANGE, CONTROLLING SUCH EMIGRANTS’ REMAINING BLOCKED ASSETS. THE AUTHORISED DEALER RELEASING THE DOCUMENTS OF TITLE MUST COUNTERSIGN THE FORM THEREBY INDICATING THAT THE RAND CONSIDERATION WILL BE PLACED DIRECTLY UNDER ITS CONTROL. THE CONSIDERATION IS NOT FREELY TRANSFERABLE FROM SOUTH AFRICA AND CAN ONLY BE DEALT WITH IN TERMS OF THE EXCHANGE CONTROL REGULATIONS OF SOUTH AFRICA. THE PROCEEDS DUE TO EMIGRANTS IN RESPECT OF THE SALE OF FRACTIONS OF SHARES MUST BE TRANSFERRED TO THE AUTHORISED DEALER CONCERNED FOR CREDIT OF THE EMIGRANT’S BLOCKED ACCOUNT. IF EMIGRANT HCI SHAREHOLDERS DO NOT PROVIDE THE NAME OF AN AUTHORISED BANK, THE AMOUNT CONCERNED WILL BE HELD ON DEPOSIT IN A NON-INTEREST BEARING ACCOUNT UNDER THE CONTROL OF THE TRANSFER SECRETARIES, WHO WILL COMPLETE THE TRANSACTION ON BEHALF OF THE SHAREHOLDERS CONCERNED. 4.3.2 OTHER NON-RESIDENTS THE RAND CONSIDERATION DUE TO HCI SHAREHOLDERS WHO ARE NON-RESIDENTS OF SOUTH AFRICA, WHO HAVE NEVER RESIDED IN SOUTH AFRICA, WHOSE REGISTERED ADDRESSES ARE OUTSIDE THE COMMON MONETARY AREA, WHOSE DOCUMENTS OF TITLE HAVE BEEN RESTRICTIVELY ENDORSED UNDER THE EXCHANGE CONTROL REGULATIONS OF SOUTH AFRICA AND WHO ACCEPT THE OFFER WILL BE FREELY TRANSFERABLE TO SUCH SHAREHOLDERS PROVIDED THAT THE RAND CONSIDERATION DUE TO SUCH SHAREHOLDERS MAY ONLY BE PAID TO THE CREDIT OF NON-RESIDENT ACCOUNT WITH AN AUTHORISED BANK IN SOUTH AFRICA. NON-RESIDENT HCI SHAREHOLDERS SHOULD PROVIDE, IN THE SPACE PROVIDED IN THE FORM OF ACCEPTANCE, AND TRANSFER ATTACHED DETAILS OF THE NON-RESIDENT ACCOUNT THAT SHOULD BE CREDITED WITH THE RAND CONSIDERATION DUE. IF SUCH NON-RESIDENT SHAREHOLDERS DO NOT PROVIDE THE REQUIRED DETAILS, THE AMOUNT CONCERNED WILL BE HELD ON DEPOSIT BY NEDBANK, A DIVISION OF NEDCOR BANK LIMITED, IN A NON-RESIDENT SUSPENSE ACCOUNT IN THE NAMES OF THE NON-RESIDENT SHAREHOLDERS CONCERNED. SHOULD ANY CHEQUES POSTED TO HCI SHAREHOLDERS IN TERMS OF THE OFFER NOT BE PRESENTED FOR PAYMENT, THE AMOUNTS PAYABLE IN RESPECT OF SUCH CHEQUES SHALL BE HELD IN TRUST BY THE TRANSFER SECRETARIES WITH INTEREST ACCRUING FOR THE BENEFIT OF THE CONSORTIUM UNTIL SUCH AMOUNTS ARE CLAIMED BY THE HCI SHAREHOLDERS CONCERNED. 5. PROSPECTS FOR SOFTLINE SOFTLINE WILL BE PUBLISHING ITS GROUP AUDITED RESULTS FOR THE FINANCIAL PERIOD ENDING MARCH 31, 1999 IN THE PRESS ON THURSDAY, MAY 20 1999. THE RESULTS REFLECT SOLID GROWTH AS A RESULT OF THE SUCCESSFUL ACHIEVEMENT OF THE GROUP’S STATED OBJECTIVES. WITH THE DISPOSAL OF NON-CORE OPERATIONS DURING THE 1999 FISCAL PERIOD, SOFTLINE IS POSITIO
NED AS A GLOBAL SOFTWARE AND SERVICES GROUP. THE GROUP’S FOCUS IS ON THE DEVELOPMENT, IMPLEMENTATION AND MARKETING OF MISSION CRITICAL FINANCIAL APPLICATIONS. SOFTLINE’S OPERATIONS BOTH LOCALLY AS WELL AS INTERNATIONALLY THROUGH ITS US LISTED SUBSIDIARY SVI HOLDINGS, ARE PRIMARILY FOCUSED WITHIN TWO CORE AREAS, NAMELY IN THE MIDRANGE ACCOUNTING AND RETAIL SOFTWARE MARKETS. THE OWNERSHIP OF TECHNOLOGY REMAINS A CENTRAL THEME IN THE GROUP’S STRATEGY GOING FORWARD. HCI SHAREHOLDERS SHOULD TAKE COGNISANCE OF THE ABOVE WHEN DECIDING WHETHER TO ACCEPT THE OFFER. 6. CONDITIONS PRECEDENT THE OFFER IS SUBJECT TO THE COMPLETION OF THE UNBUNDLING OF HCI’S SHAREHOLDING IN SOFTLINE TO THE HCI SHAREHOLDERS. THE MEMBERS OF THE CONSORTIUM GIVE NO GUARANTEE THAT THE UNBUNDLING WILL IN FACT TAKE PLACE. 7. FORM OF ACCEPTANCE, SURRENDER AND TRANSFER SET OUT BELOW IS A FORM OF ACCEPTANCE, SURRENDER AND TRANSFER WHICH IS REQUIRED TO BE COMPLETED BY HCI SHAREHOLDERS ACCEPTING THE OFFER. JOHANNESBURG 17 MAY 1999 FORM OF ACCEPTANCE, SURRENDER AND TRANSFER THIS FORM IS IMPORTANT AND IS FOR THE USE BY SHAREHOLDERS OF HOSKEN CONSOLIDATED INVESTMENTS LIMITED (“HCI”) ELECTING TO ACCEPT THE CASH OFFER BY THE CONSORTIUM CONTAINED IN THE ACCOMPANYING NOTICE DATED MONDAY, 17 MAY 1999 (“THE OFFER”). NOTES: 1. PLEASE READ THE INSTRUCTIONS BELOW. NON-COMPLIANCE WITH THESE INSTRUCTIONS MAY RESULT IN THE REJECTION OF THIS FORM AND YOU MAY BE DEEMED NOT TO HAVE ACCEPTED THE OFFER. 2. IF YOU ARE IN ANY DOUBT AS TO HOW TO COMPLETE THIS FORM, PLEASE CONSULT YOUR STOCKBROKER, BANKER, ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER. 3. THIS FORM MAY BE REJECTED IF IT IS NOT RECEIVED AT MERCANTILE REGISTRARS LIMITED ON OR BEFORE 16:00 ON TUESDAY, 25 MAY 1999. 4. A SEPARATE FORM IS REQUIRED FOR EACH HCI SHAREHOLDER ACCEPTING THE OFFER. 5. CHEQUES IN RESPECT OF THE OFFER WILL BE DESPATCHED BY REGISTERED POST TO THE SHAREHOLDERS CONCERNED AT THE RISK OF SUCH SHAREHOLDERS WITHIN SEVEN DAYS OF ISSUE OF THE SOFTLINE SHARES IN TERMS OF THE PROPOSED UNBUNDLING, SUBJECT TO ALL NECESSARY DOCUMENTS OF TITLE HAVING BEEN SURRENDERED AND THE OFFER HAVING BEEN ACCEPTED BY 16:00 ON TUESDAY, 25 MAY 1999. 6. IF YOU ACCEPT THE OFFER YOU CANNOT TRADE YOUR HCI SHARES UNTIL THE UNBUNDLING PROCESS IS COMPLETED. 7. ACCEPTANCES MUST BE SUBMITTED FOR THE ENTIRE HCI SHAREHOLDING SHOWN ON THE CERTIFICATE AND ACCORDINGLY, THE HCI SHARE CERTIFICATES MAY NOT BE SPLIT. 8. THE OFFER IS SUBJECT TO THE UNBUNDLING OF HCI’S SHAREHOLDING IN SOFTLINE BEING COMPLETED. TO: THE CONSORTIUM C/O MERCANTILE REGISTRARS LIMITED SPECIALS DEPARTMENT 10TH FLOOR 11 DIAGONAL STREET JOHANNESBURG 2001 (PO BOX 7184, JOHANNESBURG 2000) DEAR SIRS SECTION A: TO BE COMPLETED BY ALL HCI SHAREHOLDERS ACCEPTING THE OFFER CERTIFICATE NUMBER: – NUMBER OF HCI ORDINARY SHARES COVERED BY EACH CERTIFICATE(S): – TOTAL: – I/WE, BEING THE REGISTERED HOLDER(S) OF THE NUMBER OF HCI SHARES SPECIFIED ABOVE, WHICH ARE FREE OF ANY ENCUMBRANCE, HEREBY SURRENDER AND ENCLOSE THE ABOVEMENTIONED CERTIFICATE(S) AND OTHER DOCUMENT(S) OF TITLE. I/WE HEREBY IRREVOCABLY AND UNCONDITIONALLY ACCEPT THE OFFER CONTAINED IN THE ACCOMPANYING NOTICE DATED 17 MAY 1999 IN RESPECT OF MY/OUR ENTIRE SHAREHOLDING OF HCI SHARES INDICATED ABOVE. MY/OUR SIGNATURE(S) ON THIS FORM OF ACCEPTANCE, SURRENDER AND TRANSFER CONSTITUTES MY/OUR EXECUTION OF AN INSTRUMENT OF TRANSFER OF MY/OUR SOFTLINE SHARES TO THE CONSORTIUM AND I/WE HEREBY IRREVOCABLY NOMINATE AND CONSTITUTE ANY DIRECTOR OR DULY AUTHORISED REPRESENTATIVE OF THE CONSORTIUM IN MY/OUR NAME, PLACE AND STEAD TO SIGN ALL FURTHER DOCUMENT(S) NECESSARY TO GIVE EFFECT TO THE TRANSFER OF MY/OUR SOFTLINE SHARES INTO THE NAME OF THE CONSORTIUM OR ITS DULY AUTHORISED NOMINEE(S). IF APPLICABLE, I/WE HEREBY AUTHORISE AND REQUEST THE CONSORTIUM TO SEND BY REGISTERED MAIL, AT MY/OUR RISK, TO ME/US AT THE ADDRESS GIVEN OVERLEAF, THE CHEQUE(S) IN RESPECT OF THE OFFER CONSIDERATION DUE AND OWING TO ME/US. IF NO ADDRESS IS STATED, SAME SHOULD BE POSTED TO THE ADDRESS RECORDED IN THE HCI REGISTER OF MEMBERS. I/WE UNDERSTAND THAT ON ACCEPTING THE OFFER WE WILL NOT BE ABLE TO TRADE OUR HCI SHARES UNTIL THE UNBUNDLING PROCESS IS COMPLETED OR UNTIL SUCH TIME AS NOTICE IS GIVEN THAT IT WILL NOT TAKE PLACE. IN WHICH EVENT, HCI SHARE CERTIFICATES AND/OR OTHER DOCUMENTS OF TITLE WILL BE RETURNED TO HCI SHAREHOLDERS ACCEPTING THE OFFER. SIGNATURE OF ACCEPTOR: ASSISTED BY (WHERE APPLICABLE): PLACE OF SIGNATURE: DATE: SURNAME OR NAME OF CORPORATE BODY: FIRST NAMES (IN FULL, IF APPLICABLE): TITLE (MR, MRS, MISS, ETC): POSTAL ADDRESS (PREFERABLY PO BOX ADDRESS): POSTAL CODE: TELEPHONE NUMBER: AREA CODE: GENERAL INSTRUCTIONS 1. NON-RESIDENT HCI SHAREHOLDERS WHO ARE EMIGRANTS FROM THE REPUBLIC OF SOUTH AFRICA (“SOUTH AFRICA”) THE CONSIDERATION IN RESPECT OF THE OFFER COMPRISES BLOCKED RAND WHICH MAY ONLY BE PAID TO AN AUTHORISED DEALER IN FOREIGN EXCHANGE IN SOUTH AFRICA CONTROLLING SUCH EMIGRANT HCI SHAREHOLDER’S BLOCKED ASSETS. SUCH NON-RESIDENT SHAREHOLDERS MUST GIVE THE FOLLOWING INFORMATION: NAME AND ADDRESS OF AUTHORISED DEALER IN SOUTH AFRICA: ACCOUNT NUMBER: 2. ALL OTHER NON-RESIDENT HCI SHAREHOLDERS THE CONSIDERATION IN RESPECT OF THE OFFER IS FREELY TRANSFERABLE TO ALL OTHER NON-RESIDENT HCI SHAREHOLDERS PROVIDED THAT THE RAND CONSIDERATION DUE TO SUCH SHAREHOLDERS MAY ONLY BE PAID TO THE CREDIT OF A NON-RESIDENT ACCOUNT WITH AN AUTHORISED BANK IN SOUTH AFRICA. SUCH NON-RESIDENT SHAREHOLDERS MUST GIVE THE FOLLOWING INFORMATION: NAME AND ADDRESS OF AUTHORISED BANK IN SOUTH AFRICA WHERE NON-RESIDENT ACCOUNT IS HELD: ACCOUNT NUMBER: 3. NO RECEIPT WILL BE ISSUED, UNLESS SPECIFICALLY REQUESTED, FOR THIS FORM OR THE DOCUMENT(S) LODGED WITH IT. LODGING AGENTS WHO REQUIRE SPECIAL TRANSACTION RECEIPTS ARE REQUESTED TO PREPARE SUCH RECEIPTS AND SUBMIT THEM FOR STAMPING WITH THE OTHER DOCUMENTS LODGED. 4. A MARRIED WOMAN OR MINOR MUST BE ASSISTED BY HER HUSBAND OR HER/HIS PARENT OR GUARDIAN, UNLESS THE RELEVANT DOCUMENTS ESTABLISHING HER/HIS LEGAL CAPACITY ARE PRODUCED OR HAVE BEEN REGISTERED WITH THE TRANSFER SECRETARIES. 5. WHERE ANY HCI SHARES ARE JOINTLY HELD, THIS FORM OF ACCEPTANCE MUST BE SIGNED BY ALL JOINT HOLDERS. 6. IF THIS FORM IS SUBMITTED ON BEHALF OF A COMPANY, PENSION OR PROVIDENT FUND, IT MUST BE ACCOMPANIED BY A CERTIFIED COPY OF THE RESOLUTION AUTHORISING THE SIGNATORY(IES) TO SIGN THIS FORM. 7. IF THIS FORM IS SIGNED UNDER A POWER OF ATTORNEY, SUCH POWER OF ATTORNEY MUST BE PRODUCED UNLESS IT HAS ALREADY BEEN REGISTERED WITH THE TRANSFER SECRETARIES. 8. IF THE OFFER IS ACCEPTED BY A RECOGNISED NOMINEE COMPANY ON BEHALF OF ITS PRINCIPAL(S), A SEPARATE FORM OF ACCEPTANCE MUST BE COMPLETED IN RESPECT OF EACH PRINCIPAL SHAREHOLDER ON WHOSE BEHALF THE OFFER IS ACCEPTED.

Source: HCI/SOFTLINE