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Thu 10 Oct 2002, 9:20 MGX Holdings Limited - Dealing in securities by Di
MGX Holdings Limited - Dealing in securities by Director                        
MGX Holdings Limited                                                            
(Registration number 1983/012697/06)                                            
ISIN Code:  ZAE000009262                                                        
Code:       MGX                                                                 
On 5 October 2001, Mr CS Hills guaranteed certain personal financial            
arrangements by concluding a put and call option over 200 000 MGX shares at a   
price of R10.80 per share with an independent financial institution.  The put   
option, which fell due on 8 October 2002 was exercised in terms of that         
agreement.                                                                      
In compliance with rules 3.72 - 3.75 of the Listings Requirements, the following
information is disclosed:                                                       
Director:                          CS Hills                                     
Date of Transaction:               8 October 2002                               
Class of security:                 Ordinary shares                              
Nature of transaction:             Exercise of Put option                       
Number of shares and sale price:   200 000 shares @ R10.80 per share            
Nature of director`s interest:     Indirect and non-beneficial                  
Ends.                                                                           
Date: 10/10/2002 07:50:50 AM Produced by the JSE SENS Department
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