Tradehold Limited
REGISTRATION NUMBER 1970/009054/06
INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA
SHARE CODE: TDH. ISIN: ZAE000026902
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 plc announces a slight improvement in trading
during the Christmas period.
"Total sales for the five-week Christmas period ended 29 December 2001 were
up by 9.2 percent while like-for-like sales, compared to the same period
last year, increased by 1.6 percent.
"For the 26 weeks ended 29 December 2001 total sales increased by 6.4
percent while like-for-like sales were flat compared to the same period last
year.
"Following the appointment of Carel Stassen as executive vice-chairman in
November, Brown & Jackson plc carried out a complete review of old and slow-
moving stock. Most of this stock was held at What Everyone Wants (WEW). A
substantial number of these items was sold at discounted prices during the
December trading period. The Board believes that a write down of stock held
at 29 December 2001 is required, especially at WEW.
"As a result of the stock issues outlined above, the Board expects to report
a result approximating to break-even for the year ending 29 June 2002 before
goodwill write-off or any adjustment to goodwill valuations.
"It is expected that the interim results for the 26 weeks to 29 December
2001 will be announced on 14 February 2002."
For and on behalf of the Board
DR C H WIESE
Chairman
17 January 2002
Corporate Finance
Barnard Jacobs Mellet
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