BLACK EMPOWERMENT GROUP BUYS INTO SETPOINT

INDONI YANANZI INVESTMENT HOLDINGS, AN ASSOCIATE COMPANY OF SARHWU INVESTMENT
HOLDINGS, HAS CONTRACTED TO ACQUIRE 10% OF THE EQUITY OF SETPOINT TECHNOLOGY
HOLDINGS FOR A MINIMUM PERIOD OF THREE YEARS.

"THIS IS A GREAT COUP FOR SETPOINT " COMMENTS CEO MARK SMITH. "SINCE OUR
LISTING IN NOVEMBER 1997, WE HAVE BEEN SEEKING A SUITABLE BLACK EMPOWERMENT
PARTNER AND WE BELIEVE WE COULD NOT HAVE FOUND A ONE MORE SUITABLE.

"SARWHU IS ONE OF THE MOST REPRESENTATIVE BODIES IN THE SOUTH AFRICAN ECONOMIC
AND SOCIAL FIRMAMENT AND IS KEEN TO BRING ITS FORMIDABLE TALENTS TO PLAY IN A
MEANINGFULLY PARTICIPATIVE ROLE AT SETPOINT."

THE AGREEMENT KICKS OFF WITH THE IMMEDIATE PURCHASE OF 3 MILLION SETPOINT
SHARES ON BOOK OVERS FROM SELLERS NOMINATED BY SETPOINT AT A PRICE OF 380 CENTS
A SHARE, REPRESENTING A CURRENT DISCOUNT TO MARKET PRICE OF ABOUT 14%.
THE 3 MILLION SHARES WILL REPRESENT ABOUT 2% OF SETPOINT'S ISSUED SHARE CAPITAL
AND, IN ORDER TO FACILITATE THE ACQUISITION OF THE REQUIRED BALANCE OF ABOUT
8%, SETPOINT HAS GRANTED INDONI YANANZI FIRST REFUSAL ON ANY RIGHTS OFFERS,
ISSUES OF SHARES FOR CASH OR VENDOR PLACINGS FOR UP TO THE NEXT 12 MONTHS OR
UNTIL THE 10% IS REACHED - WHICHEVER IS SOONER.

INDONI YANANZI WILL HAVE UP TO 21 DAYS TO FINANCE SUCH PURCHASES WHICH WILL BE
AT 10% BELOW THE VOLUMETRIC WEIGHTED AVERAGE MARKET PRICE RULING OVER THE
PRECEDING 30 DAYS.

INDONI YANANZI HAS CONTRACTED NOT TO SELL ITS HOLDING ACQUIRED IN TERMS OF THE
AGREEMENT IN LESS THAN THREE YEARS FROM THE DATE IT ACQUIRES THE INITIAL 3
MILLION AND THEN ON WRITTEN NOTICE AND AFTER GRANTING FIRST REFUSAL FOR A
PERIOD OF 48 HOURS TO A SETPOINT NOMINEE.

IF THE PRE-EMPTIVE RIGHT IS NOT EXERCISED, THE SHARES MAY NOT BE SOLD OFF
MARKET FOR LESS THAN 10% BELOW THE PRICE OFFERED TO THE SETPOINT NOMINEE.
SANDILE ZUNGU WILL BE APPOINTED TO THE SETPOINT BOARD TO REPRESENT INDONI
YANANZI.

FOR FURTHER INFORMATION, PLEASE CONTACT SETON THOMPSON 0832659365