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Wed 20 Oct 2004, 15:26 Trading Statement And Date Of Publication Of 2004
MGX - Trading Statement And Date Of Publication Of 2004 Financial Results       
MGX Holdings Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1983/012697/06)                                            
Share code: MGX                                                                 
ISIN: ZAE000009262                                                              
(`MGX` or ` the Company`)                                                       
TRADING STATEMENT AND DATE OF PUBLICATION OF 2004 FINANCIAL RESULTS             
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa (`JSE Listings Requirements`), shareholders are advised that MGX`s       
headline loss per share and loss per share are expected to improve to           
approximately 133.5 cents (2003: 383.8 cents) and 130.9 cents (2003: 383.8      
cents) per share respectively for the year ended 30 June 2004.                  
Shareholders` attention is drawn to the fact that the financial information on  
which this trading statement has been based has not been reviewed or reported on
by the Company`s auditors in accordance with paragraph 3.4(b)(vi)(1)(aa) or     
3.4(b)(1)(vi)(bb) of the Listings Requirements of the JSE Securities Exchange   
South Africa.                                                                   
Furthermore, shareholders are advised that the Company`s 2004 financial results 
are expected to be published before the end of October 2004.                    
Sandton                                                                         
20 October 2004                                                                 
Sponsor                                                                         
STANDARD BANK                                                                   
Date: 20/10/2004 03:02:03 PM                
Produced by the JSE SENS Department
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