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ANNOUNCEMENT – SOFTLINE CONSORTIUM

As was announced on 7 May and 13 May 1999, VESTACOR CORPORATE FINANCE has formed a consortium comprising Ivan Epstein, Steven Cohen , GENBEL SECURITIES and GENSEC ASSET MANAGEMENT and others. The consortium will provide a cash offer to HCI shareholders receiving SOFTLINE shares in terms of the proposed HCI unbundling. CORPORATE ADVISOR :VESTACOR CORPORATE FINANCE. LEGAL ADVISER: FRRW. JOINT SPONSORING BROKERS: MERRILL LYNCH, SG FRANKEL POLLAK.

Source: HCO