MAXTEC - RESEND

MAXTEC- SUBSCRIPTION BY MAXTEC PERIPHERALS OF 20% INTEREST IN SAGITTA
MAXTEC LIMITED

(FORMERLY GUILD HALL NO 12 INVESTMENTS HOLDING COMPANY (PROPRIETARY) LIMITED)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 98/04039/06)
("MAXTEC")

SUBSCRIPTION BY MAXTEC PERIPHERALS (PROPRIETARY) LIMITED ("MAXTEC PERIPHERALS")
FOR A 20% EQUITY INTEREST IN SAGITTA PERFORMANCE SYSTEMS LIMITED ("SAGITTA"), A
UNITED KINGDOM COMPANY.
1. INTRODUCTION

STANDARD CORPORATE AND MERCHANT BANK IS AUTHORISED TO ANNOUNCE THAT, FURTHER TO
THE DETAILS PUBLISHED IN THE PROSPECTUS OF MAXTEC ISSUED ON 5 NOVEMBER 1998,
MAXTEC PERIPHERALS, A WHOLLY OWNED SUBSIDIARY OF MAXTEC, WILL, ON 8 FEBRUARY
1999, SUBSCRIBE FOR SHARES IN SAGITTA ("THE SUBSCRIPTION").  DISCLOSURE OF THE
DETAILS OF THE SUBSCRIPTION SET OUT IN 4 BELOW ARE PROVIDED FOR INFORMATION
PURPOSES ONLY.
2. INFORMATION ON SAGITTA

SAGITTA IS A STORAGE SOLUTIONS COMPANY BASED IN THE UK, WITH SPECIALIST
EXPERTISE IN THE FIELD OF WORKGROUP STORAGE AND STORAGE AREA NETWORKS.  MARKET
SECTORS CURRENTLY SERVICED BY SAGITTA INCLUDE THE BROADCAST/VIDEO, SEISMIC
SURVEY, PRE-PRESS, FINANCIAL AND PROFESSIONAL SECTORS.  SAGITTA'S REVENUE
STREAM IS GENERATED BY ITS WIDE AND DIVERSE CUSTOMER BASE, WHICH INCLUDE LARGE
CORPORATES, FAST GROWING 'BLUE CHIP' COMPANIES AND LONG ESTABLISHED VIDEO
PRE-PRODUCTION COMPANIES.

MAXTEC CURRENTLY ENJOYS A PARTICULARLY GOOD RELATIONSHIP WITH IBM OF THE USA.
AS A RESULT OF THIS RELATIONSHIP, MAXTEC HAS MANAGED TO SECURE AN EXPERT
RESELLER AGREEMENT FOR OFF-PLATFORM IBM STORAGE PRODUCTS IN THE UK FOR SAGITTA.
3. RATIONALE FOR THE SUBSCRIPTION

THE SUBSERIPLION WILL COMPLEMENT MAXTEC'S EXISTING OPERATIONS AND ASSIST IN ITS
POSITIONING IN THE UK AND EUROPEAN MARKETS BY -

3.1 ENHANCING THE EXPERTISE AVAILABLE TO MAXTEC'S SOUTH AFRICAN OPERATIONS.
MAXTEC WILL BE ABLE TO UTILISE SAGITTA'S EXISTING SKILLS BASE, WHICH INCLUDES A
COMPLEMENT OF HIGH LEVEL DESIGN AND PATENT ENGINEERS, TO MAXIMISE ITS GROWTH
OPPORTUNITIES IN SOUTH AFRICA WHILST ALSO BENEFITING FROM A TRANSFER OF SKILLS;
AND

3.2 CREATING GREATER SYNERGIES, ECONOMIES OF SCALE AND AN INCREASED CRITICAL
MASS.
4. SALIENT FEATURES OF THE SUBSCRIPTION

4.1 MAXTEC WILL SUBSCRIBE FOR SUCH NUMBER OF SHARES IN SAGITTA WHICH EQUATE TO
A 20% EQUITY INTEREST IN SAGITTA FOR GBP500 000 (APPROXIMATELY R5 000 000 AT
CURRENT EXCHANGE RATES).

4.2 THE SUBSCRIPTION PRICE WILL BE SETTLED FROM CASH RESOURCES.

4.3 THE DATE OF THE SUBSCRIPTION WILL BE 8 FEBRUARY 1999.
5.  SUSPENSIVE CONDITIONS

THE SUSPENSIVE CONDITIONS FOR THE SUBCRIPTION, INCLUDING THE APPROVAL OF THE
EXHANGE CONTROL DEPARTMENT OF THE SOUTH AFRICAN RESERVE BANK, HAVE ALL BEEN
SATISFIED.
6.  FINANCIAL EFFECTS

THE IMMEDIATE FINANCIAL EFFECTS OF THE SUBSCRIPTION ARE NOT MATERIAL, HOWEVER,
THE DIRECTORS OF MAXTEC VIEW THE SUBSCRIPTION AS BEING A GREAT SIGNIFICANCE TO
THEIR FUTURE STRATEGIES AND POSITIONING OF MAXTEC.
JOHANNESBURG
1 FEBRUARY
MERCHANT BANK
SCMB TECHNOLOGY

(A DIVISION OF THE STANDARD BANK OF SOUTH AFRICA LIMITED)
(REGISTRATION NUMBER 62/00738/06)
SPONSORING BROKER
STANDARD EQUITIES
ATTORNEYS
RABIN VAN DEN BERG & PELKOWITZ
ACCOUNTANTS AND AUDITORS
FISHER HOFFMAN SITHOLE