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Masonite - TRADING UPDATE                                                       
MASONITE (AFRICA) LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1942/015502/06)                                            
Share code: MAS   ISIN:  ZAE000004289                                           
("Masonite")                                                                    
TRADING UPDATE                                                                  
The strengthening of the Rand in the first few months of this year is having a  
significant negative impact on earnings. Shareholders are advised that if this  
trend continues, earnings for 2003 will be lower than last year.                
Durban                                                                          
25 April 2003                                                                   
Investment Bank and Sponsor                                                     
Nedbank Corporate                                                               

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