At the end of January 2000 Fugro signed a Letter of Intent to acquire all
the operations of the Geodass group of companies.  Geodass was established
in 1979 as an airborne geophysical company and operates across the whole of
the African continent.  Its headquarters are in Johannesburg (South Africa)
and it has subsidiaries in Botswana and Namibia.  Geodass is the premier
airborne geophysical survey company in Africa and will strengthen and
complement Fugro Airborne Survey's activities on the continent.  The group's
annual turnover is currently US$6 million and it employs 40 staff.

Best Regards,
Mark Weber
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FUGRO-LCT INC.             Tel: 281 558 8383
1155 Dairy Ashford Rd.     Fax: 281 558 8384
Suite 500                  Mob: 281 732 9828
Houston, TX  77079         www.lct.com
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