Onelogix - Transfer Of Listing To The Alternative Exchange ("AltX"), Appointment

Onelogix - Transfer Of Listing To The Alternative Exchange ("AltX"), Appointment
           To The Board, Trading Update And Cautionary Announcement             
Onelogix Group Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/004519/06)                                            
Share code OLG     ISIN: ZAE000026399                                           
("Onelogix" or "the company")                                                   
TRANSFER OF LISTING TO THE ALTERNATIVE EXCHANGE ("AltX"), APPOINTMENT TO THE    
BOARD, TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                               
1. Introduction                                                                 
Java Capital is pleased to announce that the JSE Securities Exchange South      
Africa ("JSE") has formally approved the transfer of the listing of Onelogix to 
AltX with effect from commencement of business on Thursday, 27 May 2004. Java   
Capital has been appointed as Designated Advisor to the company.                
2 Notice in compliance with JSE Listings Requirements for AltX ("Listings       
Requirements")                                                                  
In compliance with the Listings Requirements, shareholders are advised of the   
risks of investing in a company listed on AltX. The JSE does not guarantee the  
viability or success of a company listed on AltX. In terms of Listings          
Requirements, the company is obliged to appoint and retain a Designated Advisor,
which is required to, inter alia, attend all board meetings held by the company 
to ensure that all JSE Listings Requirements and applicable regulations are     
complied with, approve the financial director of the company and guide the      
company in a competent, professional and impartial manner. If the company fails 
to retain a Designated Advisor it must make arrangements to appoint a new       
Designated Advisor within 10 business days, failing which the company faces     
suspension of trading of its securities. If a Designated Advisor is not         
appointed within a further one month, the company faces the termination of its  
listing without the prospect of an appropriate offer to minorities.             
3 Appointment of non-executive chairman                                         
Andrew Brooking, a director of Java Capital (Proprietary) Limited, has been     
appointed as the non-executive Chairman of Onelogix with effect from Thursday,  
27 May 2004.                                                                    
4 Trading update and cautionary announcement                                    
Shareholders are advised that Onelogix expects a substantial increase in        
earnings per share and headline earnings per share and a material increase in   
headlines earnings per share from continuing operations for the year ended 31   
May 2004, compared to the corresponding annual financial period ended 31 May    
2003. In terms of the JSE Listing Requirements "substantial" is defined as an   
increase equal to or greater than 30%, and "material" is defined as an increase 
between 10% and 30%.                                                            
The above information has not been reviewed or reported on by the company"s     
auditors. Accordingly shareholders are advised to exercise caution when dealing 
in the company"s securities until the release of the annual results, which is   
expected in August 2004.                                                        
Johannesburg                                                                    
26 May 2004                                                                     
Designated Advisor                                                              
Java Capital (Proprietary) Limited                                              
Date: 26/05/2004 04:30:16 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department