JOHNNIC/JOHNNIC COMMUNICATIONS/M-CELL - CAUTIONARY ANNOUNCEMENT

JOHNNIC HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1889/000429/06)
("JOHNNIC")
JOHNNIC COMMUNICATIONS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1889/000352/06)
("JOHNNIC COMMUNICATIONS")
M-CELL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1994/009584/06)
("M-CELL")
CAUTIONARY ANNOUNCEMENT

STANDARD CORPORATE AND MERCHANT BANK IS AUTHORISED TO ANNOUNCE THAT M-CELL AND
ITS SUBSIDIARIES ("THE M-CELL GROUP"), JOHNNIC AND JOHNNIC COMMUNICATIONS ARE
INVOLVED IN DISCUSSIONS IN RELATION TO THE M-CELL GROUP WHICH COULD AFFECT THE
PRICE AT WHICH M-CELL, JOHNNIC AND JOHNNIC COMMUNICATIONS SHARES TRADE ON THE
JOHANNESBURG STOCK EXCHANGE.

ACCORDINGLY, SHAREHOLDERS IN M-CELL, JOHNNIC AND JOHNNIC COMMUNICATIONS ARE
ADVISED TO EXERCISE CAUTION WHEN DEALING IN THEIR SHARES UNTIL A FURTHER
ANNOUNCEMENT IS MADE.
JOHANNESBURG
29 JUNE 2000
MERCHANT BANK
SCMB
STANDARD CORPORATE AND MERCHANT BANK

(A DIVISION OF THE STANDARD BANK OF SOUTH AFRICA LIMITED)
(REGISTRATION NUMBER 1962/000738/06)