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Fri 12 Dec 2003, 10:46 Results of General Meeting and Withdrawal of
CYCAD FINANCIAL HOLDINGS LIMITED - Results of General Meeting and Withdrawal of 
Cautionary                                                                      
CYCAD FINANCIAL HOLDINGS LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/008637/06)                                            
JSE Share code: CYD   ISIN: ZAE000017729)                                       
("Cycad" or "the company" or "the Cycad group")                                 
Results of General Meeting and Withdrawal of Cautionary                         
Results of General Meeting                                                      
Solcor Capital (Pty) Ltd is authorised to announce that at the general meeting  
of Cycad shareholders held on Friday, 12 December 2003, shareholders voted in   
favour of the resolution to ratify the disposal by Cycad of all it"s shares in  
and claims against EC-Hold Limited to MGX Holdings Limited.                     
Withdrawal of Cautionary                                                        
Shareholders are referred to the terms announcement published on 17 November    
2003 and are advised that payment has been received and that the suspensive     
conditions have been fulfilled.  The transaction is now unconditional and the   
cautionary announcement is withdrawn.                                           
Johannesburg                                                                    
12 December 2003                                                                
Corporate Adviser to Cycad                                                      
Solcor Capital (Pty) Ltd                                                        
(Registration number 2003/011551/07)                                            
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration number 1970/003711/07)                                            
Date: 12/12/2003 10:35:03 AM Supplied by www.sharenet.co.za                     
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