ORDINARY DIVIDEND - M-CELL

 -LOGO-
M-CELL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 94/09584/06))
("M-CELL")
ORDINARY DIVIDEND NO 2

NOTICE IS HEREBY GIVEN THAT AN ANNUAL ORDINARY DIVIDEND AT THE RATA OF THREE
CENTS PER SHARE HAS BEEN DECLARED BY THE DIRECTORS AND IS PAYABLE TO HOLDERS OF
ORDINARY SHARES REGISTERED IN THE BOOKS OF THE COMPANY AT THE CLOSE OF BUSINESS
ON 27 MARCH 1998.

THE ORDINARY SHARES TRANSFER REGISTER WILL NOR BE CLOSED FOR PURPOSES OF THIS
DIVIDEND.

THE DIVIDEND IS DECLARED IN THE CURRENCY OF THE REPUBLIC OF SOUTH AFRICA AND
DIVIDEND CHEQUES WILL BE POSTED IN SOUTH AFRICA TO ALL SHAREHOLDERS ON OR ABOUT
2 APRIL 1998
BY ORDER OF THE BOARD
G KISBEY-GREEN
SECRETARY
13 MARCH 1988

REGISTERED OFFICE                  TRANSFER SECRETARIES AND

251 OAK AVENUE                     CERTIFICATION OFFICE

RANDBURG, 2194                     MERCANTILE REGISTRARS LIMITED

(PO BOX 1S02                       5TH FLOOR, MERCANTILE BUILDING

RANDBURG, 2125)                    94 PRESIDENT STREET

                                   JOHANNESBURG, 2001

                                   (PO BOX 1053 JOHANNESBURG 2000)