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Mon 10 Mar 2003, 17:36 EC-Hold Limited - Further Cautionary Announcement
EC-Hold Limited - 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 previous cautionary announcements of 2 January 
2003 and 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                                                                    
10 March 2003                                                                   
Sponsor                                                                         
Brait                                                                           


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