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Metorex Limited -                                                
METOREX LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1934/005478/06)                                            
Share code: MTX                                                                 
ISIN code: ZAE000022745                                                         
Issuer code" MEMTX                                                              
("the Group")                                                                   
TRADING UPDATE                                                                  
Shareholders are advised that the sustained strength of the Rand / US Dollar    
exchange rate has contributed to a significant decline in the Group"s earnings  
for the quarter ended 31 March 2003.  Accordingly, the results for that quarter 
will be substantially below those reported for the previous quarter.            
Johannesburg                                                                    
16 May 2003                                                                     
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 16/05/2003 05:15:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                

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