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Tue 10 Jun 2003, 15:47 Further Cautionary Announcement
MGX -                               
MGX HOLDINGS LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1983/012697/06)                                           
Share code: MGX                                                                 
ISIN: ZAE000009262                                                              
("MGX" or "the Company")                                                        
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement of 29 April 2003, shareholders are       
advised that MGX continues to be involved in discussions, which, if successfully
concluded, may have a material effect on the price of the Company"s shares.     
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in the Company"s shares until a further announcement is made.           
Sandton                                                                         
10 June 2003                                                                    
Merchant bank and sponsor:                                                      
Standard Corporate and Merchant Bank                                            
(A division of The Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 10/06/2003 03:44:17 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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