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Thu 2 Jan 2003, 17:44 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 20 November 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                                                                    
2 January 2003                                                                  
Sponsor                                                                         
Brait                                                                           
Date: 02/01/2003 03:33:00 PM Produced by the JSE SENS Department                

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