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COMPLETION OF TRANSACTIONS

The following transactions, as detailed in the announcement published on 21 December 1998 and in the circulars to SUPERGROUP and HCI shareholders, have been completed: – the disposal of UNIBANK by HCI, SUPERGROUP and BK ADMINISTRATORS to CREDITSURE; – the disposal of GLOBAL INSURANCE and MBI UNDERWRITING MANAGERS by SUPERGROUP to CREDITSURE. JOINT CORPORATE ADVISER: METTLE. JOINT SPONSORING BROKERS: MERRILL LYNCH SMITH BORKUM HARE; DEUTSCHE MORGAN GRENFELL.

Source: HCI