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Tue 1 Oct 2002, 15:05 Bjmh - Trading Update And Cautionary Announcement
BJMH - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                               
BARNARD JACOBS MELLET HOLDINGS LIMITED                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/004798/06)                                            
Share code : BJM                                                                
ISIN code: ZAE000014262                                                         
("BJMH" or "the Group")                                                         
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                                      
Trading update                                                                  
Shareholders are advised that the Group`s financial results for the six month   
period ended 30 September 2002 are anticipated to be significantly below those  
of the corresponding period for the 2001 financial year.  This is attributable  
to the extremely tough trading conditions and lower equity turnovers in all of  
the markets in which the Group operates.                                        
Cautionary announcement                                                         
Shareholders are further advised that, on Friday 27 September 2002, the Board of
Directors received, and have approved, a request from an outside party to enter 
into discussions with BJMH management.  The conclusion of these discussions     
could have a material effect on the price of the Group`s shares.                
Shareholders are therefore advised to exercise caution in dealing in their BJMH 
shares pending further announcements relating to this matter.                   
Johannesburg                                                                    
1 October 2002                                                                  
Sponsors                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Deloitte & Touche Sponsor Services (Pty) Limited                                
Date: 01/10/2002 01:04:00 PM Produced by the JSE SENS Department                


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