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MIH Holdings Ltd - MIH Holdings Limted`s subsidiary MIH Limited issued the
following press release today:
MIH HOLDINGS LTD
(Incorporated in the Republic of South Africa)
Registration number 1993/005613/06
Share Code: MHH
ISIN Code : ZAE000018941
MIH Holdings Limted`s subsidiary MIH Limited issued the following press release
today:
Hoofddorp, The Netherlands 10 July 2002 - MIH Limited (NASDAQ & Euronext
Amsterdam : MIHL), the Subscriber Platforms Group, today announced that the MIH
Class A ordinary shares ("MIHL shares") will be delisted from the Official
Market of Euronext Amsterdam, effective 24 July 2002. The last day for trading
in MIHL shares on Euronext Amsterdam will be 23 July 2002. MIHL shares will
remain listed on the Nasdaq National Market (the "NASDAQ") in the United States.
"The decision to delist from the Euronext Amsterdam is in line with our
commitment to reduce the complexity of the Group", commented MIH CEO Cobus
Stofberg, "Following the sale of OpenTV, we believe that this is one small step
towards simplifying the Group structure".
ENDS
About MIH Limited:
MIH Limited is listed on the NASDAQ National Market - ticker: MIHL.
The Group`s activities are focussed on subscriber platforms providing television
and internet services to over 2 million paying subscribers in Africa, the
Mediterranean and Asia. 57% of its subscriber base consists of digital
subscribers. Across its platforms MIH has secured long-term rights to premium
movies, major sporting events and popular children`s programming, all of which
are tailored for the local market. The television platforms also provide a range
of interactive services such as online games, shopping, banking and on-demand
information. MIH has a holding in QQ, the most pervasive instant-messaging
platform in Asia.
Supporting its subscriber platforms, Irdeto Access provides encryption and other
related services to channel and platform operators worldwide.
www.mih.com
Disclaimer: This news release contains "forward-looking statements". These
forward-looking statements are subject to a number of risks and uncertainties
that could cause MIH Limited`s actual results to differ materially from those
contemplated herein, including but not limited to, the risk factors detailed in
our Annual Report on Form 20-F and other reports filed from time to time by MIH
Limited with the Securities and Exchange Commission. MIH Limited undertakes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise, except as may be
required by law. Investors are cautioned not to place undue reliance on any
forward-looking statements contained herein.
Contacts: Mark Sorour Beverley Branford
SVP Corporate Finance & VP Investor Relations
Investor Relations
MIH Limited MIH Limited
+27 83 444 000 7 +31 65 155 2660
msorour@media24.com bbranford@mih.com
Date: 10/07/2002 05:30:00 PM Produced by the JSE SENS Department
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