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MGX Holdings Limited - Amendment To Trading Statement                           
MGX Holdings Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1983/012697/06)                                            
Share code: MGX                                                                 
ISIN:       ZAE000009262                                                        
(`MGX` or ` the Company`)                                                       
AMENDMENT TO TRADING STATEMENT                                                  
Shareholders are advised that in the trading statement dated 20 October 2004 the
reference to `(2003: 383.8 cents)` relating to the headline loss per share for  
the financial year ended 2003, should have read `(2003: 1054.3)`.               
Sandton                                                                         
20 October 2004                                                                 
Sponsor                                                                         
STANDARD BANK                                                                   
Date: 20/10/2004 05:00:52 PM                     
Produced by the JSE SENS Department

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