Micromega HOLDINGS LIMITED - Dealing in securities by directors

     Micromega HOLDINGS LIMITED - Dealing in securities by directors            
     (Registration number 1998/003821/06)                                       
     (Incorporated in the Republic of South Africa)                             
Share code: MMG        ISIN code: ZAE000034435                             
     ("MICROmega" or "the Company")                                             
     DEALING IN SECURITIES BY DIRECTORS                                         
     In terms of paragraph 3.63 - 3.74 of the Listing Requirements of the JSE   
Limited, the following information, relating to the dealing in securities  
     by directors, is disclosed:                                                
     Name of director                 RC LEWIN                                  
     Transaction date                 12 October 2006                           
Class of securities              Ordinary share                            
     Price                            275 cents per share                       
     Number of securities             750 000                                   
     Total value                      R2 062 500                                
Nature of transaction            Disposal                                  
     Extent of interest               Direct Beneficial                         
     Clearance to deal obtained       Yes                                       
     Johannesburg, South Africa                                                 
17 October 2006                                                            
     Sponsor: Vunani Corporate Finance (Pty) Ltd                                
Date: 17/10/2006 09:09:04 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department