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Tue 22 Jul 2003, 13:26 Net1 Applied Technology Holdings Limited - Caution
Net1 Applied Technology Holdings Limited - Cautionary Announcement 
Release Date: 22/07/2003 12:29:34      Code(s): APL 
Net1 Applied Technology Holdings Limited - Cautionary announcement              
Net1 Applied Technology Holdings Limited                                        
("the company")                                                                 
(Incorporated in South Africa)                                                  
Registration number 1997/007207/06                                              
Share Code: APL                                                                 
ISIN Code: ZAE000024113                                                         
Cautionary announcement                                                         
Shareholders are advised that the company has entered into negotiations, which  
if successfully concluded may have a material effect on the price of the        
company"s securities. Accordingly, shareholders are advised to exercise caution 
when dealing in the company"s securities until a full announcement is made.     
Johannesburg                                                                    
22 July 2003                                                                    
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
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