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Fri 14 May 2004, 16:29 Dealing In Securities By A Director Of A Major Sub
m Cubed Holdings Limited - Dealing In Securities By A Director Of A Major
                           Subsidiary
m Cubed Holdings Limited
Incorporated in the Republic of South Africa
Registration number      :1998/014568/06
Share Code               :MCU
ISIN Code                :ZAE000033353
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with sections 3.63 - 3.74 of the Listings Requirements of the JSE
Securities Exchange of South Africa, the following information is disclosed:
Name of Director         :Mr. G le Roux
Office held              :Director of major subsidiary of m Cubed Holdings
                          Limited
Name of Subsidiary       :m Cubed Asset Management (Pty) Limited
Date of Transaction      :14 May 2004
Number of shares         :1,000,000
Unit Price               :503,860 @ 29 cents
                          496,140 @ 28 cents
Value                    :R 285,038.60
Class of Securities      :Ordinary shares
Nature of transaction    :Sale of shares
Extent of interest       :Direct beneficial
Clearance                :Clearance for the transaction was obtained in
                          compliance with paragraph 3.66 of the JSE Listings
                          Requirements.
14 May 2004
Date: 14/05/2004 04:00:05 PM Produced by the JSE SENS Department
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