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VECTOR CAPITAL LIMITED (ASX.VEC)

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Removed from the Official List at the request of the Company

04/03/1997

we understand that prior to delisting three interdependent transactions were implemented (A) the purchase by Vector of the 30% of Lik Hang Holdings Limited which Vector did not already own; (B) an equity raising at A$0.40 per new Vector share and (C) the substitution of Vector by a Bermuda incorporated company (Omnitech Holdings Limited) as the ASX listed holding company of the Vector Group - after implementation of these transactions, each Vector shareholder held one Omnitech share for every one Vector share held before implementation - in addition new Omnitech shares were issued at A$0.40 per share to the sellers of 30% of Lik Hang and to subscribers under Vector's equity raising

04/03/1997
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