MICROMEGA HOLDINGS LIMITED - CHANGES TO THE BOARD OF DIRECTORS AND COMPANY

MICROMEGA HOLDINGS LIMITED - CHANGES TO THE BOARD OF DIRECTORS AND COMPANY      
SECRETARY                                                                       
MICROmega HOLDINGS LIMITED                                                      
(Registration number 1998/003821/06)                                            
(Incorporated in the Republic of South Africa)                                  
ISIN code:ZAE000034435        Share code: MMG                                   
("MICROmega" or "the Company")                                                  
CHANGES TO THE BOARD OF DIRECTORS                                               
In terms of paragraph 3.59 of the Listing Requirements of the JSE Securities    
Exchange South Africa, shareholders are advised of the following changes to the 
board of directors:                                                             
New Appointment:                                                                
Mr Wayne Edward Rosenberg has been appointed as Group Chief Executive with      
effect from 1 June 2004. Wayne was one of the founding members of MICROmega     
Securities (formerly SA Money Brokers) in 1992.                                 
Re-appointment:                                                                 
Mr Greg Morris has been re-appointed to the Board. This follows the withdrawal  
by the State on Monday 31 May 2004 of all charges in respect of the Umgeni Water
matter.                                                                         
Resignation:                                                                    
Mr Rudi Gibbs has resigned from the board with effect from 1 June 2004, he will 
retain his position as an executive director of MICROmega Securities.           
Revised Board Structure:                                                        
Greg Morris                   Chairman                                          
Wayne Edward Rosenberg        Group Chief Executive                             
Andrew Browne                 Chairman: Audit Committee                         
Ross Lewin                    Chairman: Remuneration Committee                  
Frik Pretorius                Executive Director                                
COMPANY SECRETARY                                                               
Appointment:                                                                    
Mr Clinton Holroyd has been appointed as company secretary with effect from 1   
June 2004.                                                                      
Resignation:                                                                    
Mr Andrew Browne has resigned as company secretary with effect from 1 June 2004.
1 June 2004                                                                     
Sponsor: LPC Manhattan Sponsors (Pty) Ltd                                       
Date: 01/06/2004 05:22:27 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department