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Fri 17 May 2002, 0:00 Allied Technologies Limited - Further Cautionary
Allied Technologies Limited - Further Cautionary Announcement                   
Allied Technologies Limited                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 1946/020415/06)                                            
(Share Code ALT   ISIN ZAE000015251)                                            
("Altech")                                                                      
FURTHER CAUTIONARY ANNOUNCEMENT - DISPOSAL OF ALTECH`S  40% SHAREHOLDING IN     
ALCATEL ALTECH TELECOMS (PTY) LIMITED ("AAT")                                   
Shareholders are referred to the cautionary announcement published on 22        
February 2002 and the further announcement published on 7 March 2002 and are    
advised that the valuation of Altech`s shareholding in AAT has not yet been     
determined and finalised. Accordingly, shareholders are advised to continue     
to exercise caution when dealing in Altech`s securities until a detailed        
announcement has been made.                                                     
Johannesburg                                                                    
17 May 2002                                                                     
Sponsor                  Investment bank                                        
HSBC                     Nedcor Investment Bank
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