OMNI/NASPERS/MIHH/M-CELL-M-CELL/MIHH/M WEB'S SHAREHOLDING STRUCTURES

OMNI MEDIA CORPORATION LIMITED
(REGISTRATION NUMBER 01/00352/06)
("OMNI")
NASIONALE PERS BEPERK
(REGISTRATION NUMBER 04/01431/06)
("NASPERS")
MIH HOLDINGS LIMITED
(REGISTRATION NUMBER 93/05613/06)
("MIHH")
M-WEB HOLDINGS LIMITED
(REGISTRATION NUMBER 97/04269/06)
("M-WEB")
M-CELL LIMITED
(REGISTRATION NUMBER 94/09584/06)
("M-CELL")

ANNOUNCEMENT REGARDING M-CELL AND MIHH/M-WEB'S SHAREHOLDING STRUCTURES
SHAREHOLDERS OF OMNI, NASPERS, MIHH/M-WEB AND M-CELL ARE ADVISED THAT OMNI AND
NASPERS HAVE ENTERED INTO AN AGREEMENT WHEREBY THE CURRENT ARRANGEMENTS IN
RESPECT OF MIHH/M-WEB AND M-CELL, HAVE BEEN RESTRUCTURED.

IN VIEW OF OMNI'S NEW CORPORATE FOCUS, IT IS OMNI'S DESIRE TO EXERCISE
INCREASED CONTROL OVER M-CELL. AS A RESULT OF THIS, NASPERS HAS AGREED TO OMNI
GAINING INCREASED CONTROL OF M-CELL IN RETURN FOR NASPERS GAINING INCREASED
CONTROL OF MIHH/M-WEB ("THE RESTRUCTURING"). THE RELATIONSHIP BETWEEN OMNI AND
NASPERS VIS-A-VIS MIHH/M-WEB AND M-CELL WILL BE GOVERNED IN TERMS OF NEW
SHAREHOLDER AGREEMENTS ENTERED INTO BETWEEN OMNI AND NASPERS.

THE RESTRUCTURING WILL HAVE NO MATERIAL IMPACT ON THE NET ASSET VALUE PER
SHARE, EARNINGS PER SHARE AND DIVIDEND PER SHARE OF THE COMPANIES INVOLVED.
JOHANNESBURG
1 JULY 1998

ADVISORS TO OMNI                                 ADVISORS TO NASPERS

MERCHANT BANK                                    ATTORNEYS

AFRICAN MERCHANT BANK                            JAN S DE VILLIERS & SON
REGISTRATION NUMBER 96/16470/06                  RABIN,VAN DEN BERG AND
REGISTERED BANK                                  PELKOWITZ
ATTORNEYS
CLIFFE DEKKER & TODD INC.
REGISTRATION NUMBER 93/01524/21