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Wed 23 Jun 2004, 16:13 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                                             
JSE 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. P.J. Croeser                             
Office held:                       Non-executive director                       
Date of Transaction:               23 June 2004                                 
Number of shares:                  2,000,000                                    
Unit Price:                        2,000,000 @ 34 cents                         
Value:                             R 680,000.00                                 
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.                       
23 June 2004                                                                    
Date: 23/06/2004 04:01:02 PM                      
Produced by the JSE SENS Department
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