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Fri 23 Jul 2004, 18:00 Kagiso Media Limited - Substantial trade in the Co
Kagiso Media Limited - Substantial trade in the Company`s share                 
KAGISO MEDIA LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Reg. No 1957/000036/06)                                                        
Share Code: KGM                                                                 
ISIN:ZAE000014007                                                               
(`Kagiso Media` or `the Company`)                                               
Substantial trade in the Company`s share                                        
The Company has been informed by Tiso Capital Partners (Proprietary) Limited    
(`Tiso Private Equity`) that it has, in its capacity as the fund manager of the 
Tiso Private Equity Fund 1 (`TPEF1`), disposed of approximately 15,8 million    
shares held by TPEF1 in Kagiso Media. The sale represents a full realisation by 
TPEF1 of its shares in Kagiso Media, in line with TPEF1`s medium term investment
mandate.  Neither Tiso Private Equity nor TPEF1 had any representatives on the  
board of directors of the Company.                                              
By order of the board                                                           
Sandton                                                                         
23 July 2004
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