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Wed 20 Nov 2002, 17:19 EC-Hold - Further Cautionary Announcement
EC-Hold - Further Cautionary Announcement                                       
EC-Hold Limited                                                                 
   (Incorporated in the Republic of South Africa)                               
(Registration number 1998/020093/06)                                         
   Share code ECH   ISIN ZAE000016705                                           
   ("EC-Hold")                                                                  
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the cautionary announcement of 30 September     
2002. MGX Holdings Limited ("MGX") is at present considering its alternative    
courses of action that could be taken as a result of the Securities Regulation  
Panel ruling of 19 March 2002. Accordingly, EC-Hold shareholders are advised to 
continue to exercise caution when dealing in their shares until a further       
announcement is made.                                                           
   Johannesburg                                                                 
   20 November 2002                                                             
Sponsor                                                                         
  Brait                                                                         
Date: 20/11/2002 05:06:27 PM Produced by the JSE SENS Department                


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