OneLogix - Specific Issue Of Shares For Cash

OneLogix - Specific Issue Of Shares For Cash                                    
Onelogix Group Limited                                                          
(Registration number 1998/004519/06)                                            
Share code: OLG                                                                 
ISIN: ZAE000026399                                                              
("OneLogix" or "the Company")                                                   
Warning: The listing of the ordinary shares in the company is on the ALTX.      
Shareholders are advised of the risks of investing in a company listed on the   
ALTX. Shareholders are advised that the JSE does not guarantee the viability or 
the success of a company listed on the ALTX. In terms of the JSE Listings       
Requirements a designated advisor has to be retained by the company. The        
designated advisor 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 30 days of its suspension the company faces the         
termination of its listing without an offer to minority shareholders.           
SPECIFIC ISSUE OF SHARES FOR CASH                                               
INTRODUCTION                                                                    
As announced on 15 February 2005, Java Capital Holdings (Proprietary) Limited   
("JCH") funded the Company"s repurchase of 4,492,505 OneLogix shares ("shares") 
at 12.416 cents per share pursuant to the Company"s mandatory offer to          
shareholders on the basis that, in due course, the Company would obtain the     
requisite shareholder approval to issue the 4,492,505 shares to JCH at 13.35    
cents per share. The requisite majority of shareholders agreed irrevocably to   
approve such issue of shares at the next general meeting of shareholders.  As a 
general meeting will be called to approve the black economic empowerment ("BEE")
transaction announced on 30 August 2005, details of the specific issue of shares
for cash to JCH will be included in the circular detailing the BEE transaction. 
FINANCIAL EFFECTS                                                               
As the effect on earnings per share, headline earnings per share, net asset     
value per share and net tangible asset value per share are not material; no     
financial effects of the specific issue of shares for cash have been disclosed. 
Johannesburg                                                                    
8 September 2005                                                                
Designated Advisor                                                              
Java Capital (Proprietary) Limited                                              
Date: 08/09/2005 03:23:08 PM Supplied by www.sharenet.co.za                     
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