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Tue 20 Jan 2004, 9:36 MGX Holdings Limited - RESULTS OF THE GENERAL MEET
MGX Holdings Limited - RESULTS OF THE GENERAL MEETING AND SCHEME MEETING        
MGX Holdings Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1983/012697/06)                                            
Share code: MGX                                                                 
ISIN code: ZAE000009262                                                         
("MGX" or "the company")                                                        
RESULTS OF THE GENERAL MEETING AND SCHEME MEETING                               
Shareholders of MGX are referred to the Debt Refinancing of MGX and Scheme of   
Arrangement announcement published on 27 November 2003, and are advised that at 
the:                                                                            
general meeting held on Monday, 19 January 2004 relating to the debt refinancing
by MGX, the requisite majority of MGX shareholders voted in favour of the       
resolutions pertaining to the debt refinancing; and                             
scheme meeting held on Monday, 19 January 2004 relating to the creditors scheme 
of arrangement proposed by MGX between the company and certain of its creditors 
("the scheme"), the requisite majority of MGX creditors voted in favour of the  
resolutions pertaining to the scheme.                                           
The scheme is subject to, inter alia, the sanctioning by the court and a        
certified copy of such order of court being lodged with and registered by the   
Registrar of Companies, in terms of the Companies Act, 1973, which is expected  
to be completed by Thursday, 29 January 2004
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