IDION Technology Holdings Limited
(Registration Number: 1998/ 013846/ 06)
Share Code: IDI ISIN Nr. ZAE000022513
("IDION")
IDION's response to DataMirror's revised offer
The Board of directors of IDION ("the Board") confirms that it has received
a revised cash offer of 120 cents per IDION share from 1512630 Ontario Inc,
a wholly-owned subsidiary of DataMirror Corporation ("the revised offer").
This follows the original offer of 65 cents per IDION share received on 26
March 2002, which the Board has advised IDION shareholders is significantly
below the true inherent value of IDION and should be rejected.
The revised offer will be referred to the independent committee of non-
executive directors of IDION and IDION's independent advisers,
PricewaterhouseCoopers Corporate Finance (Pty) Ltd, for their assessment and
advice. Once the Board receives such advice, it will communicate the
substance thereof to IDION shareholders, in a form and manner approved by
the Securities Regulation Panel.
Joint corporate adviser and sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Joint corporate adviser
Corpcapital Corporate Finance
Legal adviser
Bowman Gilfillan Inc.
Independent adviser
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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