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Thu 14 Dec 2006, 17:29 m Cubed Holdings Limited - Cautionary announcement
MCU
 MCU                                                                             
m Cubed Holdings Limited - Cautionary announcement                              
m Cubed Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                  
Registration number: 1998/014568/06                                             
Share code: MCU                                                                 
ISIN: ZAE000033353                                                              
Cautionary announcement                                                         
Shareholders are advised that the South African Revenue Services has issued     
additional tax assessments against certain group companies of m Cubed, which the
company intends objecting against.  This potential liability has not currently  
been provided for.  If successful, the assessments will have a materially       
negative impact on the value of m Cubed`s shares.                               
The company accordingly advises shareholders to exercise caution when trading in
the company`s shares.                                                           
This cautionary is unrelated to the dispute with the Regulator referred to in   
earlier cautionary announcements.                                               
Johannesburg                                                                    
14 December 2006                                                                
Sponsor                                                                         
PSG Capital Limited                                                             
Date: 14/12/2006 17:29:33 Produced by the JSE SENS Department.
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