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Wed 21 Nov 2001, 0:00 Micrologix Limited - Cautionary Announcement
(Registration number 1998/18118/06)
Share code MRX  ISIN ZAE000016911
("Micrologix")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that negotiations are in progress, which, if
successfully concluded, may have a material effect on the price at which
Micrologix securities are traded on the JSE Securities Exchange South
Africa.  Accordingly, shareholders are advised to exercise caution when
dealing in Micrologix securities until further announcements are made.
Johannesburg
19 November 2001
Corporate advisor
Radagast Capital (Pty) Limited
Corporate restructurer
Gandalf Trust
Transaction sponsor
Arcay Group Limited

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