ELECTROTECH INVESTMENTS LIMITED (2)(ELE)

Since delisting from ASX this entity has been privatised. We are no longer monitoring its activities.

delisted as from the close of trading on Friday, 17 August 2001, pursuant to listing rule 17.11.

ElectroTech Investments Limited will become the wholly-owned subsidiary of a Singapore incorporated company, to be called ElectroTech Holdings Limited (hereafter abbreviated to "ElectroTech"). The ASX code used to identify shares will change from "ELE" to "ELC". Each share in the Bermuda company ("ELE share") will be cancelled and replaced by one new share in the Singapore company ("ELC share"). This implements the Scheme of Arrangement approved by shareholders on 31 July 2000

all shares in the Company are to be cancelled and extinguished. The Company will issue an equal number of shares to the shares cancelled to Electrotech Holdings Limited ("Electrotech"), a Singapore-incorporated entity. Electrotech will then issue shares to the Company's shareholders, on the basis of one share in Electrotech for every share held in the Company on the Record Date (Electrotech was admitted to the official list of Australian Stock Exchange Limited ("ASX") today, Friday 26 March 2001, as a foreign company. Trading in Electrotech's securities is expected to commence on a deferred settlement basis on Wednesday 28 March 2001 at 2.00 pm EST (12 pm WST). Electrotech's ASX code is "ELC")