/ 19 July 1999

M-WEB DELINKS FROM MIH

MIH Holdings Limited (MIHH), the JSE listed international television platform operator and software technology group, announced on Thursday that it is to delink its shares from M-Web. It also announced that, in line with its long term strategy, it has strengthened its internet business interests through two significant investments, comprising the acquisition of Thailand’s largest web portal, Sanook.com, and a commitment to subscribe for up to 10% of new shares in M-Web in SA. The delinking of its shares from M-Web will allow shareholders to invest directly in M-Web, South Africa’s largest Internet online service provider.