CCI HOLDINGS LIMITED
(Formerly Y2KTec Limited)
(Incorporated in the Republic of South Africa)
(Registration No 1999/02149/06)
("CCIH" or "the group")
Share code: CCG
ISIN: ZAE000018420
FURTHER CAUTIONARY
Shareholders are referred to the cautionary announcements published on 23
September 2002 and 4 November 2002.
The discussions regarding the capitalisation of a shareholder`s loan account are
ongoing.
A subsidiary of CCIH, CCI Integrated Administration ("CCI IA"), acquired the
payroll portfolio of Tennant Employee Benefits ("Tennant") in exchange for which
Tennant acquired the client portfolio of CCI Employee Benefits ("CCI EB"), also
a subsidiary of CCIH. No consideration was paid for the acquisition by CCI IA or
received for the disposal by CCI EB.
CCI IA have also reached an agreement with People Human Resource and Payroll
Management Services (Pty) Limited ("PHRP") whereby they will acquire the HRA
Division from PHRP for R187 929, effective 1 January 2003. The agreement has as
yet not been signed. The purchase consideration is payable as to R75 171 on 1
January 2003 and the balance of R112 759 on 30 June 2003, subject to a reduction
formula based on client retention.
Shareholders are accordingly advised to continue to exercise caution when
dealing in their CCIH shares on the JSE Securities Exchange South Africa until a
detailed announcement is published.
Johannesburg
23 DECEMBER 2002
Corporate adviser and sponsor
The Janus Corporation (Pty) Ltd
Date: 23/12/2002 08:00:00 AM Produced by the JSE SENS Department
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