Registration number 970/009054/06
Incorporated in the Republic of South Africa
TRADING STATEMENT
Shareholders' attention is drawn to a statement issued by Tradehold's
subsidiary, Brown & Jackson plc, which states the following:
"The Board of Brown & Jackson announces that trading conditions remain
difficult in the high street and like for like sales have continued to be
below last year's levels in the second half of the financial year.
"As a result, the Board expects to report earnings for the year ending 30
June 2001 significantly below current market expectations.
"The Board is taking action to improve the service and efficiency in the
stores in order to recover footfall and improve the operational performance
of the business."
On behalf of the Board of Tradehold
Company secretary
17 May 2001
Barnard Jacobs Mellet Corporate Finance
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