MASHOLD CONSOLIDATED INVESTMENT HOLDINGS LIMITED
trading as
COMMUNITY TECHNOLOGIES LIMITED
(registration number 1988/0033352/06)
Share code: CTH ISIN: ZAE000022323
("C-Tech" or "the company")
SUSPENSION OF LISTING
Shareholders are referred to the announcement of 31 January 2002, relating
to inter alia, the acquisitions of the Beget, Eze-Bill and TM Commerce
businesses ("the businesses"). The vendors of the businesses have withdrawn
from these acquisition agreements.
C-Tech's only operating company, Exceptional Business Systems (Pty) Limited
("EBS"), has ceased all operations with effect from 1 February 2002. A
dispute has arisen with the management of EBS, and because C-Tech has no
other operating businesses, the board of directors have therefore resolved
that the JSE Securities Exchange South Africa be requested to suspend the
listing of C-Tech with immediate effect until further notice.
Messrs A Potgieter and J Coetzee have tendered their resignation as
directors of the Company with immediate effect.
Shareholders will be advised, when appropriate on further developments.
Cape Town
21 February 2002
SPONSOR
EXCHANGE SPONSORS (PTY) LIMITED
(Registration number: 1999/024433/07)
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