MICROmega Holdings Limited - Results Of General Meeting

MICROmega Holdings Limited - Results Of General Meeting                         
MICROmega Holdings Limited                                                      
(Registration number 1998/003821/06)                                            
(Incorporated in the Republic of South Africa)                                  
ISIN code:ZAE000034435        Share code: MMG                                   
("MICROmega" or "the Group")                                                    
RESULTS OF GENERAL MEETING                                                      
Shareholders of MICROmega are advised that at the general meeting of            
shareholders of the company held at 10:00am on Wednesday, 11 January 2006, the  
resolutions proposed in order to dispose of 50% of MICROmega"s shareholding in  
MICROmega Revenue Management Solutions (Pty) Limited ("MRMS") to Mzimkhulu      
Financial Services (Pty) Limited, for a consideration of R32,5 million, were    
passed by the requisite number of shareholders.                                 
MRMS is South Africa"s largest revenue management service provider to Local     
Government.  The business has been in existence for more than thirty years and  
boasts a client base that includes three of the six metropolitans.  In addition,
the transaction represents a substantial empowerment deal for the company.      
The cautionary announcement dated 9 January 2006 is, however, still in effect,  
and as a result, shareholders are advised to continue to exercise caution when  
dealing in their MICROmega shares.                                              
11 January 2006                                                                 
Sponsor: LPC Manhattan Moela (Pty) Ltd                                          
Date: 11/01/2006 05:19:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department