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MCU
 MCU                                                                             
mcCubed 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                                            
("the company")                                                                 
Renewal of cautionary announcement                                              
Shareholders are advised that the dispute with the Regulator referred to in the 
cautionary announcement dated 10 April 2006 (and various previous cautionary    
announcements) and the interim results announcement of 29 November 2005 has not 
been resolved as yet.  Negotiations in this regard are still in progress.       
The company accordingly advises shareholders to continue exercising caution when
trading in the company"s shares.                                                
Johannesburg                                                                    
31 May 2006                                                                     
Sponsor                                                                         
PSG Capital Limited                                                             
Date: 31/05/2006 04:50:06 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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