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Tue 25 Jun 2002, 0:00 Ec-hold Limited: Further Cautionary Announcement
EC-Hold Limited: FURTHER CAUTIONARY ANNOUNCEMENT                                
EC-Hold Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/020093/06)                                            
JSE share code: ECH   ISIN ZAE000016705                                         
("EC-Hold")                                                                     
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the most recent cautionary announcement of         
30 April 2002 and are advised that MGX Holdings Limited ("MGX") has not         
yet received the reasons for the 19 March 2002 ruling of the Securities         
Regulation Panel. Therefore, MGX is not in a position to consider all           
its alternative courses of action. Accordingly, EC-Hold shareholders            
are advised to continue to exercise caution when dealing in their               
shares until a further announcement is made.                                    
Johannesburg                                                                    
25 June 2002                                                                    
Sponsor                                                                         
Brait                                                                           
Date: 25/06/2002 05:10:00 PM Produced by the SENS Department                    

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