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Tue 22 Jul 2003, 17:17 Masonite - Trading Update And Cautionary Announcem
MASONITE (AFRICA) LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1942/015502/06)                                            
Share code: MAS                                                                 
ISIN: ZAE000004289                                                              
("Masonite")                                                                    
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                                      
Further to the trading update of 25 April 2003, shareholders are advised that,  
before adjustments resulting from the application of AC137 - Agriculture,       
operating income for the six-month period to 30 June 2003 is substantially lower
than the equivalent operating income for the corresponding period in 2002.  This
is mainly attributable to the strength of the rand.                             
Shareholders are accordingly advised to exercise caution when dealing in their  
securities until a further announcement is made.                                
Durban                                                                          
22 July 2003                                                                    
Investment Bank and Sponsor                                                     
Nedbank Corporate, a division of Nedbank Limited
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