MICROmega Holdings Limited - Board Appointments and Resignation.

MICROmega Holdings Limited - Board Appointments and Resignation.                
Micromega Holdings Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/003821/06)                                            
ISIN Code: ZAE000034435                                                         
Share Code: MMG                                                                 
("MICROmega") ("the Company")                                                   
MICROmega Holdings Limited ("MMG") - Board Appointments and Resignation.        
The Board of Directors are pleased to announce the appointment of the following 
executive directors to the board of MMG:                                        
Rudi Gibbs - currently Chief Executive of MICROmega Securities                  
Andrew Browne  - currently Group Financial Manager and an Executive Director of 
MICROmega Securities                                                            
Grant Kelly - currently Managing Director of Global Credit Rating"s             
Frik Pretoruis - currently Managing Director of MICROmega Revenue Management    
Services                                                                        
Moss Ngoasheng has resigned from the Board and the Board thanks him for his     
contribution.                                                                   
Wednesday, March 26, 2003