ADvTECH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
("ADvTECH")
Calajero (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/000228/07)
Further Cautionary Announcement
Further to the cautionary announcement published on 13 February 2001, Nedcor
Investment Bank Limited is authorised to announce that Advtech and the Calajero
Consortium, being Jonathan Beare (or his nominee) and Calajero (Proprietary)
Limited (a company controlled by Mark Barnes), are continuing to negotiate the
terms of a comprehensive disposal agreement ("the agreement") pursuant to which
the Calajero Consortium will acquire the entire business of ADvTECH. It is
expected that ADvTECH will release its financial results for the year ended 31
December 2000 during next week, giving the Calajero Consortium further
information to advance the negotiation process.
The transaction is subject to the conclusion of the agreement, all requisite
approvals being granted and a satisfactory outcome to the due diligence to be
performed by the Calajero Consortium. A detailed announcement will be published
on conclusion of the agreement. As negotiations are continuing shareholders are
accordingly advised to continue to exercise caution when dealing in their
shares.
Randburg
15 March 2001
Investment bank
Nedcor Investment Bank
Legal advisers
HR Levin
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Registered sponsor and
Member of the JSE Securities Exchange South Africa
Registration number 1995/001805/07
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