DECILLION LIMITED - INFORMATION RELEASE
DECILLION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/011692/06)
Share code: DEC
ISIN: ZAE000017612
("Decillion" or "the company")
INFORMATION RELEASE
The board of directors of Decillion Limited announce that, despite the
successful completion of all documentation and all suspensive conditions having
been met in terms of the Decillion / Wingate agreements, Wingate unilaterally
decided and informed the company of their decision not to proceed with the
subscription for 18m Decillion shares, as was announced on 20 June 2002.
The reason presented to Decillion by Wingate was that certain exclusivities
afforded Decillion in terms of the agreements and the strategic nature of the
role that Wingate intended to play in South Africa was in conflict with earlier
undertakings that Wingate had given other parties in South Africa.
The company acknowledges market speculation that Wingate has, over the last
couple of weeks, sold off all or most of its 8,44m Decillion shares, however,
this information is currently unsubstantiated.
JOHANNESBURG
25 September 2002
Date: 25/09/2002 05:23:00 PM Produced by the JSE SENS Department
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