October 10, 2000

UTi Worldwide Announces 1-for-7.63 Reverse Stock Split

Rancho Dominguez, California, October 10, 2000 - UTi Worldwide Inc. today announced a 1-for-7.63 combination of shares (reverse stock split). The combination of ordinary shares will be effective with the close of business on Wednesday, October 18, 2000.


The effect of the combination of shares will be to decrease the number of issued and outstanding UTi ordinary shares from approximately 153 million to approximately 20 million. Any fractional interests created as a result of the combination will be rounded up to the nearest whole share.