ISIN Code : ZAE000016309
Share Code : SPI
1 Update
Shareholders are referred to the announcement of the preliminary results for
the year ended 30 June 2001 published on 26 September 2001 and in particular
to the commentary on the future which read "Although Inter IT-Konsult,
Spicer's only operating asset performed well during the first six months,
the company was hurt by the slowdown in Sweden towards the end of the year.
Current trading conditions in Sweden remain difficult."
The latest information available to the company is that conditions remain
very difficult and that it is therefore unlikely that the results of Inter
IT-Konsult for the current year will meet expectations.
The directors are currently considering the various options available to the
company regarding its future.
2 Cautionary
Shareholders are therefore advised to exercise caution when dealing in the
company's securities until a full announcement is made.
31 October 2001
Johannesburg
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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