ADVERSE AUDIT OPINION ON ANNUAL FINANCIAL STATEMEN
* Daewoo Electronics S.A. Limited ("Daewoo")
The JSE Securities Exchange South Africa ("the JSE") advises that the audit
opinion on Daewoo's Preliminary Financial Statements for the year ended 31
December 2001 contains an adverse audit opinion.
The company's listing on the JET system of the JSE will be annotated with an
"A" with effect from Friday, 19 April 2002, to indicate the adverse audit
opinion. This annotation will be removed when the company's auditor's report
no longer contains an adverse audit opinion.
This announcement has been placed by the JSE in the interest of
shareholders.
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