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Fri 12 Dec 2003, 18:06 Dealing In Securities By A Director
Johnnic Communications Limited - Dealing In Securities By A Director            
  Johnnic Communications Limited                                                  
  Registered in the Republic of South Africa                                      
  (Registration number 1889/000352/06)                                            
  Share:code:JCM                                                                  
  ISIN:ZAE000024584                                                               
  ("Johncom")                                                                     
  DEALING IN SECURITIES BY A DIRECTOR                                             
  In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
  Securities Exchange South Africa, the following information, relating to the    
  dealing in securities by the company secretary, is disclosed:                   
  Company Secretary                  Joanne Matisonn                              
  Company Secretary of               Johncom                                      
  Transaction date                   12 December 2003                             
  Strike Price                       R135 per share.  These                       
  shares were allocated                        
                                     prior to the MTN Group                       
                                     unbundling.  Therefore,                      
                                     they qualify for 5,3 MTN                     
  Group Limited shares and                     
                                     Johncom share at the                         
                                     allocation price.                            
  Exercise Price                     R164,12 per share                            
  Vesting Period                     25% after 1 year;                            
                                     40% after 2 years;                           
                                     75% after 3 years; and                       
                                     100% after four years                        
  Number of securities               3 500                                        
  Value of transaction               R101 920                                     
  Share Class                        Ordinary shares                              
  Nature of transaction              Exercise of options                          
  Extent of interest                 Direct beneficial                            
  Written clearance to deal          Yes                                          
  Executive director                 Neil Jacobsohn                               
  Director of                        Johncom                                      
  Transaction date                   12 December 2003                             
  Strike Price                       R90 per share.  These                        
                                     shares were allocated                        
                                     prior to the MTN Group                       
  unbundling.  Therefore,                      
                                     they qualify for 5,3 MTN                     
                                     Group Limited shares and                     
                                     Johncom share at the                         
  allocation price.                            
  Exercise Price                     R164.12 per share                            
  Vesting Period                     20% after 2 years;                           
                                     40% after 3 years;                           
  60% after 4 years; and                       
                                     100% after 5 years                           
  Number of securities               5 000                                        
  Value of transaction               R145 600                                     
  Share Class                        Ordinary shares                              
  Nature of transaction              Exercise of options                          
  Extent of interest                 Direct beneficial                            
  Written clearance to deal          Yes                                          
  Johannesburg                                                                    
  12 December 2003                                                                
  Sponsor                                                                         
  Nedbank Corporate                                                               
  Date: 12/12/2003 05:48:03 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
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