Loan facility with Windora

Jetcam International Holdings Ld 03 December 2002 For Immediate Release 3rd December, 2002 JETCAM INTERNATIONAL HOLDINGS LIMITED ('JETCAM' or 'the Company') Further Re: Loan facility with Windora Limited JETCAM announces that it has made a full provision against the unsecured loan facility of £120,000 made in favour of Windora Limited ('Windora') to allow Windora to acquire Dan Technology Holdings Plc ('Dan Technology Holdings') and the freehold property from which it operated. The loan, which was advanced in February 2002, was repayable by 31st August, 2002. The purpose of the loan, as stated at the time, was to provide JETCAM with the basis for a close association with a well-known UK computer system supplier to reinforce the opportunity for JETCAM Group product sales in the higher education sector, amongst others, and to complement other strategic moves then under discussion in the UK. However, as already reported, on 6th June 2002, Dan Technology Limited, the trading subsidiary of Dan Technology Holdings, was placed in administrative receivership. Given this and recent events, the Directors now take the view that this loan will not be recovered and appropriate adjustments will be made in the year-end accounts. This information is provided by RNS The company news service from the London Stock Exchange

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