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Thu 5 Aug 2004, 16:02 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 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 :            Mrs. M M Dawes                                    
  Office held :                 Financial director of m Cubed Holdings Limited    
  Date of Transaction :         4 August 2004                                     
  Number of shares :            1,486,666                                         
  Class of Securities :         Ordinary shares                                   
  Nature of transaction :       Distribution of shares by a trust created by      
  former shareholders of the company.               
  Extent of interest :          Direct beneficial                                 
  Clearance :                   Clearance from transaction was not obtained in    
                                compliance with paragraph 3.66 of the JSE Listings
  Requirements.                                     
  05 August 2004                                                                  
  Date: 05/08/2004 04:00:03 PM Produced by the JSE SENS Department
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