Onelogix Group - Acquisition Of Controling Interest In 4logix (Proprietary)

Onelogix Group - Acquisition Of Controling Interest In 4logix (Proprietary)     
                 Limited                                                        
Onelogix Group Limited                                                          
(Registration number 1998/004519/06)                                            
(Incorporated in the Republic of South Africa)                                  
(Share code OLG    ISIN: ZAE000026399)                                          
("Onelogix Group " or "the company")                                            
ONELOGIX GROUP LIMITED - ACQUISITION OF CONTROLLING INTEREST IN 4LOGIX          
(PROPRIETARY) LIMITED ("4LOGIX")                                                
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INTRODUCTION                                                                    
Java Capital (Proprietary) Limited is authorised to announce that with effect   
from 30 November 2004 (the "effective date") Onelogix (Proprietary) Limited     
("OneLogix"), a wholly owned subsidiary of Onelogix Group, has acquired an      
additional 16% of the share capital ("equity") in 4Logix, bringing its effective
shareholding in 4Logix to 51%.                                                  
NATURE AND RATIONALE FOR THE ACQUISITION                                        
Onelogix owns 35% of 4Logix with the balance of the equity held as to 30% by Mr 
JP Cronje ("Cronje") and 35% by Multidirect Investments 64 (Proprietary) Limited
("Multidirect").                                                                
As Multidirect"s investment in 4Logix is non-core, Onelogix together with Cronje
has acquired Multidirects" 35% equity in 4Logix ("the transaction"). Post the   
transaction, the equity will be held 51% by Onelogix and the balance by Cronje. 
4Logix offers supply chain management solutions predominantly to the bulk       
commodity market segment. Services include assessing, designing, optimising,    
implementing and managing supply chain solutions to improve business            
efficiencies and profitability.                                                 
Through 4Logix" 50% shareholding in Gijima Supply Chain Management Services     
(Pty) Limited ("Gijima"), a black economic empowered supply chain management    
company with a focus on rail reliant supply chain solutions, Gijima and 4Logix  
have been awarded a significant export supply chain contract. The prospects for 
additional contracts on a similar basis are promising.                          
BASIS OF THE ACQUISITION                                                        
The consideration for the transaction is R200 000, which will be settled by the 
delivery of fully paid Onelogix Group ordinary shares ("shares") at 30 cents per
share. As one indivisible transaction, Onelogix will thereafter dispose of 19%  
of 4Logix to Cronje to be settled by the cession to OneLogix of Cronje"s loan   
account of R108 571 in 4Logix.                                                  
PRO FORMA FINANCIAL INFORMATION                                                 
As the effects of the transaction are insignificant, no pro forma financial     
information has been disclosed.                                                 
22 February 2004                                                                
Designated Advisor                                                              
Java Capital (Proprietary) Limited                                              
Date: 22/02/2005 11:23:02 AM Supplied by www.sharenet.co.za                     
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