A chip won't change the rev 1 speedo at all, they only work on rev 2 to 5 cars.
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It may remove the limit but if you have power steering and the chip isn't a clamping type then the PAS will stay on at motorway speeds.
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For a rev 1 you need either a UK speedo and a clamping delimiter, or a converter gearbox that goes into the speedo cable
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(also messes with PAS).
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