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Paragon Business Communications Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1995/007711/06)
("the company")
Share Code: PAG
ISIN Code : ZAE000022422
ANNOUNCEMENT
Further to the announcement of 16 July 2001, the Competition Board has
recommended that the Competition Tribunal do not approve a potential
acquisition of the company's issued share capital by The Bidvest Group
Limited.  The Competition Tribunal has not taken any final decision to date
and the company will keep you informed of any further developments and will
make a more detailed announcement in due course.
Cape Town
8 November 2001

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