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Tue 2 Sep 2003, 10:09 Further cautionary announcement
Net1 Applied Technology Holdings Limited - Further cautionary announcement      
Net1 Applied Technology Holdings Limited                                        
("the company")                                                                 
(Incorporated in South Africa)                                                  
Registration number: 1997/007207/06                                             
Share Code: APL                                                                 
ISIN Code: ZAE000024113                                                         
Further cautionary announcement                                                 
Further to the cautionary announcement dated 22 July 2003, shareholders are     
advised that negotiations are still in progress which, if successfully          
concluded, may have a material effect on the price at which the company"s       
securities trade on the JSE Securities Exchange South Africa. Accordingly,      
shareholders are advised to continue exercising caution when dealing in the     
company"s securities until a full announcement is made.                         
Johannesburg                                                                    
2 September 2003                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 02/09/2003 10:00:04 AM                
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