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KeyTech Announces Share Re-Purchase Plan

03 July 2000

Hamilton, Bermuda: 3 July, 2000 - KeyTech Limited today advised the Bermuda Stock Exchange (BSX) that effective immediately, the Company intends to commence a repurchase plan of its own issued shares and will buy back 5% (approximately 100,000) of the outstanding shares.

The Company indicated that the plan would operate for an indefinite period and purchases would be made at values that produce €˜favourable investment returns'.