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Fri 9 Sep 2005, 17:38 mCubed Holdings Limited - Renewal Of Cautionary An
mCubed Holdings Limited - Renewal Of Cautionary Announcement                    
mCUBED HOLDINGS LIMITED                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1998/014568/06)                                            
Share code:  MCU    ISIN:  ZAE000033353                                         
(`m Cubed` or `the Company`)                                                    
Renewal of cautionary announcement                                              
Further to the cautionary announcement dated 22 July 2005, the disposal         
announcement dated 4 July 2005 and the 2005 annual report of the Company,       
wherein it was disclosed that the results of the Company included a substantial 
provision against a liability which is under dispute, shareholders are advised  
that the Company is still in negotiations and is presently not in a position to 
determine if, when and upon what basis, the dispute will be settled and/or to   
determine the actual amount of any potential liability that may arise therefrom.
The Company therefore advises shareholders to continue exercising caution when  
trading in the Company`s shares.  It is expected that the Company will be in a  
position to publish an update dealing with this situation in October 2005.      
Johannesburg                                                                    
9 September 2005                                                                
Corporate adviser and sponsor                                                   
PSG Capital Limited
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