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Tue 25 May 2004, 16:22 DEALING IN SECURITIES BY A DIRECTOR
M CUBED HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR                  
  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                                             
  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. J du Toit                                         
  Office held              :Non-Executive director.                               
  Date of Transaction     :25 May 2004                                           
  Number of shares         :100,000                                               
  Unit Price               :100,000 @ 28 cents                                    
  Value                    :R 28,000.00                                           
  Class of Securities      :Ordinary shares                                       
  Nature of transaction    :Purchase of shares                                    
  Extent of interest       :Indirect non-beneficial                               
  Clearance                :Clearance for the transaction was obtained in         
  compliance with paragraph 3.66 of the JSE Listings     
                           Requirements.                                          
  25 May 2004                                                                     
  Date: 25/05/2004 04:00:12 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  

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