AON (LESOTHO) EMPLOYEE SHARE OWNERSHIP SCHEME
	1. AON (Lesotho) (PTY) LTD Insurance brokers, formerly called Minet Kingsway (Pty) Ltd, formally launched an Employee Share Ownership Scheme for its employees in fulfillment of the Sale of Shares Agreement between the Government of Lesotho and AON Holdings BV on 18th April, 2002. 2. Upon privatisation of Lesotho Bank, AON (Lesotho) bought 31% shareholding which was held by Lesotho Bank in Minet Kingsway. This 31% shareholding was inclusive of 10% which was to be reserved for Employee Share Ownership Scheme. 3. In terms of Clause 11 of the Sale of Shares Agreement, AON undertook to set aside 10% of the issued shares held by the Company for purposes of the Employee Share Ownership Plan for its Basotho employees. 4. The objective of the Employee Share Ownership Scheme is to extend the benefits of privatisation by affording its Lesotho national employees an opportunity to become part-owners of the Company. The other benefits include having representation in the board of the Company, earning additional income through dividends and promoting the continued growth of the company. 5. The Government of Lesotho was represented by the Ministry of Finance and the Privatisation Unit, while AON was represented by its Board members and the management team. ************ PRIVATISATION UNIT 2nd Floor Lesotho Bank Mortgage Division Building Private Bag A249 Maseru 100 Lesotho Contact: Makalo Ntšasa Tel: (+266) 317902 Fax: (+266) 317551 Email:mntsasa@adelfang.co.za Thursday, 19th April, 2002 ********************************************************************************************** Sesotho version: MORERO OA KARORELO EA LIABO TSA KHAMPHANI EA AON (LESOTHO) HO BASEBETSI 1. Khamphani ea AON (Lesotho) (PTY) LTD Insurance brokers, e neng e tsebahala ka lebitso la Minet Kingsway, e thakhotse Morero oa Karorelo ea Liabo tsa Khamphani ho Basebetsi (Employee Share Ownership Scheme) bao e leng matsoalloa a Lesotho maobane. Morero ona o thakhotsoe ka tlasa Tumellano ea Thekiso ea Liabo pakeng tsa ‘Muso oa Lesotho le Khamphani ea AON. 2. Khamphani ea AON e ile ea reka liabo tse mashome a mararo a motso o le mong lekholong (31%) e neng e le tsa Banka ea Lesotho. Liabo tsena e ne ele tsa Banka ea Lesotho ho Khamphani ea Minet Kingsway. 3. Ho latela Tumellano ea Thekiso ea Liabo, Khamphani ea AON, e ne e itlamele ho beha ka thoko liabo tse leshome lekholong (10%) tsa Khamphani, molemeong oa Morero oa Karorelo ea Liabo tsa Khamphani ho Basebetsi. 4. Sepheo sa morero oa Karolelo ea Liabo ke ho fetisetsa melemo ea thekiso ea khamphani ho basebetsi. Melemo e akha ho nka karolo tsamaisong ea Khamphani, ho ba le boemeli ka hara Boto ea Khamphani, ho fumana karolo ea liphaello tse etsoang ke khamphani selemo le selemo. Leho feta moo, e khothaletsa basebetsi ho ikitlaelletsa mosebetsing oa bona ka sepheo sa ho athlehisa Khamphani. 5. Lehlakore la ‘Muso le ne le emetsoe ke Lekala la Lichelete le Lefapha la Phetisetso ea Likhoebo tsa ‘Muso Sechabeng, ha Khamphani ea AON e ne e emetsoe ke litho tsa Boto le Botsamaisi. ******** PRIVATISATION UNIT 2nd Floor Lesotho Bank Mortgage Division Building Private Bag A249 Maseru.100 Contact: Makalo Ntšasa Tel: (+266) 317902 Fax: (+266) 317551 Email:mntsasa@adelfang.co.za Thursday, 19th April, 2002
	SOURCE: THE PRIVATISATION UNIT