OneLogix - Acquisition Of Properties

OneLogix - Acquisition Of Properties                                            
Onelogix Group Limited                                                          
(Registration number 1998/004519/06)                                            
Share code: OLG                                                                 
ISIN: ZAE000026399                                                              
("OneLogix" or "the Company")                                                   
ACQUISITION OF PROPERTIES                                                       
INTRODUCTION                                                                    
OneLogix, through wholly owned subsidiaries, has in effect acquired a number of 
properties utilised by Vehicle Delivery Services ("VDS") in Pomona and Pinetown.
The properties have been utilised by VDS for a number of years and are          
specialised for its operational requirements.                                   
POMONA PROPERTY                                                                 
OneLogix has acquired from Neville Bester the shares in and claims against      
Starzone Investments (Proprietary Limited) and Road Sea (Proprietary) Limited,  
which collectively own the commercial property in Pomona constituting the       
company"s main operating premises and head office. The purchase consideration is
R8 million, to be funded by R7.28 million in mortgage finance and the balance in
cash. The effective date of the acquisition is 28 February 2006.                
Both Starzone Investments and Road Sea will in due course adopt articles of     
association in compliance with the JSE listing requirements.                    
SIM ROAD PROPERTY                                                               
A wholly owned subsidiary of OneLogix has acquired the commercial property      
situated at 45 Sim Road Pomona from Apache Air Parts (Proprietary) Limited. The 
purchase consideration is R3.6 million, to be funded by R2.52 million in        
mortgage finance and the balance in cash on registration date, which should be  
on or about 14 March 2006.                                                      
PINETOWN PROPERTY                                                               
A wholly owned subsidiary of OneLogix has acquired the commercial property      
situated at 1/3 Goodwood Road Westmead Pinetown from LOT 7465 Pinetown Close    
Corporation. The purchase consideration is R3.8 million, to be funded by R2.66  
million in mortgage finance and the balance in cash on registration date, which 
should be on or about 14 March 2006.                                            
FINANCIAL EFFECTS RELATING TO THE ACQUISITIONS                                  
These acquisitions will not have a significant effect on the historical interim 
earnings per share, headline earnings per share, net asset value per share and  
tangible net asset value per share in respect of OneLogix shares.               
Pomona                                                                          
14 March 2006                                                                   
Designated and legal advisor                                                    
Java Capital (Proprietary) Limited                                              
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.           
Date: 14/03/2006 08:08:04 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department