ADVTECH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
("ADvTECH")
Further Cautionary Announcement
Further to the cautionary announcement published on 16 March 2001, Nedcor
Investment Bank Limited is authorised to announce that negotiations with
Calajero Consortium, comprising Jonathan Beare (or his nominee) and Calajero
(Proprietary) Limited (a company controlled by Mark Barnes), in terms of which
the Calajero Consortium proposed, subject to various conditions precedent, to
acquire the entire business of ADvTECH, have been terminated. ADvTECH and the
Calajero Consortium have been unable to reach agreement on the detailed terms
for concluding a comprehensive disposal agreement. Negotiations have been
terminated prior to the commencement of a due diligence investigation by the
Calajero Consortium.
Further strategic initiatives, and discussions with other parties regarding the
potential sale of ADvTECH and/or the businesses, are underway and shareholders
are accordingly advised to continue to exercise caution when dealing in their
shares.
Randburg
2 April 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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