BYTES TECHNOLOGY GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1911/003874/06)
Share code: BTG ISIN: ZAE000029526
("BTG" or "the company")
Announcement
Further to the BTG results for the year ended 28 February 2003 released on SENS
on Thursday, 8 May 2003, BTG wishes to provide shareholders with the following
additional information on BTG management"s strategic objectives with regard to
the gearing of the BTG group:
2005 2004 2003 2002
Cash generated from Rm 232 193 210 125
operations
Gross debt Rm 355 455 310 91
Net cash balances Rm 316 258 260 222
Net (debt)/ cash Rm -39 -197 -50 131
Gearing (on net debt) % 7.8 39.2 9.5 -
Interest cover 6.2 4.6 N/a N/a
times times
The JSE Securities Exchange South Africa ("JSE") has deemed the above disclosure
to constitute a form of profit forecast in terms of the JSE Listings
Requirements. As such, the JSE requires that the auditors report on these
numbers and that shareholders be placed under cautionary until such report is
issued. Consequently shareholders are advised to exercise caution until a
further announcement is made.
Johannesburg
12 May 2003
Joint Sponsor
Nedbank Corporate
Joint Sponsor
Cazenove
Date: 12/05/2003 05:49:17 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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