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Fri 14 Nov 2003, 16:04 TRADING UPDATE
ASSMANG LIMITED - TRADING UPDATE                                                
ASSMANG LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1935/007343/06)                                            
Share code: ASG                                                                 
ISIN: ZAE000030789                                                              
("Assmang" or "the Company")                                                    
TRADING UPDATE                                                                  
Shareholders are advised that as a result of the continued appreciation of the  
rand against the United States dollar the earnings of the Group for the half-   
year to 31 December 2003 are expected to be substantially below the headline    
earnings and earnings per share reported for the previous half-year to          
31 December 2002. The above forecast earnings information has not been reviewed 
or reported on by the Company"s auditors. Accordingly, shareholders are advised 
to exercise caution in their share dealings until the release of the interim    
results, which is expected to be published towards the end of February 2004.    
Anglovaal Mining Limited                                                        
Secretaries                                                                     
Per:                                                                            
A Jepson                                                                        
13 November 2003                                                                
Contact details:                                                                
Alan Jepson                                                                     
Direct line: (+27 11) 634-0163                                                  
Mobile: 083 701 7990                                                            
Registered office                                                               
56 Main Street,                                                                 
Johannesburg, 2001, South Africa                                                
Phone: (+27 11) 634-9111                                                        
Fax: (+27 11) 634-0038                                                          
Date: 14/11/2003 04:00:03 PM Supplied by www.sharenet.co.za                     
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