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Thu 30 Oct 2003, 14:49 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Bell Equipment Limited - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT          
  Bell Equipment Limited                                                          
  Reg No 1968/013656/06                                                           
  Share code :Bell     ISIN:ZAE000028304                                          
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  In terms of the Listings Requirements of the JSE Securities Exchange South      
  Africa ("JSE Listing Requirements"), companies are required to publish a trading
  statement as soon as they become aware that the financial results for the period
  to be next reported on will be substantially different from that of the previous
  corresponding period.                                                           
  Bell Equipment Limited"s annual financial statement for the year ended 31       
  December 2003 are expected to be released on 19 March 2004.                     
  Bell Equipment Limited accordingly advises that it expects both earnings per    
  share and headline earnings per share for the year ended 31 December 2003 to be 
  substantially below earnings per share and headline earnings per share for the  
  year ended 31 December 2002. In terms of the JSE Listings Requirements,         
  "substantially" is defined as an increase or decrease of more than 30%.         
  Cautionary Announcement.                                                        
  The above information has not been reviewed or reported on by the Company"s     
  auditors. Shareholders are therefore advised to exercise caution when dealing in
  the Company"s securities until the publication of the company"s results for the 
  year ended 31 December 2003.                                                    
  Richards Bay                                                                    
  30 October 2003                                                                 
  Sponsor                                                                         
  Investec Bank Limited                                                           
  www.bellequipment.com                                                           
  Date: 30/10/2003 02:41:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  


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