ADvTech Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
("ADvTECH")
Further cautionary announcement
Further to the cautionary announcements dated 9 January 2001 and 23 January
2001, Nedcor Investment Bank Limited ("NIB") is authorised to announce that the
board of AdvTech ("board") has given due consideration to the offer received
from Jonathan Beare (or his nominee) and Calajero (Proprietary) Limited (a
company controlled by Mark Barnes) ("the consortium"). In giving consideration
to the offer the board has considered the advice and input from both NIB and
the senior executives of ADvTECH. The board is of the opinion that the offer to
acquire the businesses of ADvTECH does not represent fair value for the
businesses. A counter-proposal has been lodged with the consortium and
negotiations are expected to continue with them as well as certain other
parties that have registered interest in entering into a transaction with
ADvTECH.
Shareholders are accordingly advised to continue exercising caution when
dealing in their shares until a further announcement is made in this regard.
Randburg
9 February 2001
Investment bank
Nedcor Investment Bank
Legal adviser
HR Levin
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Registration number 1995/001805/07
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