Micromega Holdings Limited - Further cautionary announcement

Micromega Holdings Limited - Further cautionary announcement                    
Micromega Holdings Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/003821/06)                                            
ISIN Code: ZAE000034435                                                         
Share Code: MMG                                                                 
("the Company")                                                                 
Further cautionary announcement                                                 
Further to the cautionary announcement dated 17 May 2002, shareholders are      
advised that the full impact of developments relating to the Company are        
still being determined. Accordingly, shareholders are advised to continue       
exercising caution when dealing in the Company`s securities until a full        
announcement in made.                                                           
Johannesburg                                                                    
1 July 2002                                                                     
Sponsor                                                                         
HSBC                                                                            
Date: 01/07/2002 03:46:14 PM Produced by the SENS Department