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Thu 9 Jan 2003, 17:03 Jse Securities Exchange Sa - Modified Audit Opinio
JSE SECURITIES EXCHANGE SA - MODIFIED AUDIT OPINION ON ANNUAL FINANCIAL         
STATEMENTS                                                                      
MODIFIED AUDIT OPINION ON ANNUAL FINANCIAL STATEMENTS                           
MGX HOLDINGS LIMITED ("MGX")                                                    
     [ALPHA CODE:  MGX   ISIN ZAE000009262]                                     
The JSE Securities Exchange South Africa ("the JSE") wishes to advise that the  
audit opinion on MGX`s annual financial statements for the year ended 30 June   
2002 contains an emphasis of matter.  Shareholders are advised to refer to the  
annual financial statements to ascertain the exact nature of the modification.  
Accordingly, the company`s listing on the JSE SETS system will be annotated with
an "E" to indicate the emphasis of matter.  The annotation will be removed once 
the company produces an unmodified audit opinion.                               
This announcement has been placed by the JSE in the interest of shareholders.   
(9 January 2003)                                                                
Date: 09/01/2003 04:43:17 PM Produced by the JSE SENS Department
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