Paracon/MGX - Joint Cautionary Announcement
Paracon Holdings Limited MGX Holdings Limited
Incorporated in the Republic Incorporated in the Republic
of South Africa of South Africa
Registration number Registration number
1997/008181/06 1993/02467/06
Share code PCN Share code MGX
ISIN Number ZAE 000029674 ISIN Number ZAE000009262
("Paracon") ("MGX")
JOINT CAUTIONARY ANNOUNCEMENT
Paracon and MGX have signed a memorandum of understanding relating to the
potential acquisition by Paracon of a 100% shareholding in MGX Software
Futures (Proprietary) Limited, a subsidiary of MGX. It is anticipated that
formal agreements will be concluded in due course. Shareholders of Paracon
and MGX are therefore advised to exercise caution when dealing in Paracon
and MGX shares until a further announcement is made.
Johannesburg
2 July 2002
Investment bank and transaction Joint advisors to MGX
sponsor to Paracon
Nedcor Investment Bank Limited Gensec Bank SCMB
Attorneys to Paracon Sponsor to MGX
Werksmans Inc SCMB
Legal advisors to MGX
Brait Advisory Services
Date: 02/07/2002 03:45:05 PM Produced by the SENS Department
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