JOINT CAUTIONARY - NEW AFRICA/OMNI MEDIA/M-CELL

JOINT CAUTIONARY ANNOUNCEMENT
NEW AFRICA INVESTMENTS LIMITED
(REGISTRATION NUMBER 93/02467/06)
("NAIL")
OMNI MEDIA CORPORATION LIMITED
(REGISTRATION NUMBER 01/00352/06)
("OMNI")
M-CELL LIMITED
(REGISTRATION NUMBER 94/09584/06)
("M-CELL")
JOINT CAUTIONARY ANNOUNCEMENT

AFRICAN MERCHANT BANK LIMITED IS AUTHORISED TO ANNOUNCE THAT NATIONAL AFRICAN
TELECOMMUNICATIONS (PROPRIETARY) LIMITED ("NAFTEL"),

M-CELL AND TRANSNET LIMITED ("THE PURCHASERS") ARE AT AN ADVANCED STAGE OF
NEGOTIATIONS IN REGARD TO THE ACQUISITION BY THE PURCHASERS OF SBC

INTERNATIONAL, INC`S 15,5% INTEREST IN MOBILE TELEPHONE NETWORKS HOLDINGS
(PROPRIETARY) LIMITED ("MTN").

NAFTEL IS THE VEHICLE THROUGH WHICH NAIL AND OMNI HOLD AN INTEREST IN MTN.
ACCORDINGLY, SHAREHOLDERS OF NAIL, OMNI AND M-CELL ARE ADVISED TO EXERCISE
CAUTION WHEN DEALING IN THEIR SHARES. A FURTHER ANNOUNCEMENT WILL BE MADE IN
DUE COURSE.
JOHANNESBURG
20 APRIL 1998
MERCHANT BANK TO THE PURCHASERS
AMB
AFRICAN MERCHANT BANK LIMITED
(REGISTRATION NUMBER 96/16470/06)
REGISTERED BANK
ATTORNEYS TO THE PURCHASERS
WEBBER WENTZEL BOWENS
MERCHANT BANK TO M-CELL