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Mon 19 May 2003, 15:27 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")                                                                     
                                     
Shareholders are referred to the previous cautionary announcements of 31 March  
2003, 10 March 2003 and 2 January 2003.  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                                                                    
19 May 2003                                                                     
Sponsor                                                                         
Brait                                                                           
Date: 19/05/2003 02:44:54 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
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