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Fri 21 Nov 2003, 17:33 STRATCORP LIMITED - TRADING UPDATE AND CAUTIONARY
STRATCORP LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                  
STRATCORP LIMITED                                                               
(Registration number 2000/031842/06)                                            
(JSE Code: STA & ISIN: ZAE000034294)                                            
("StratCorp" or "the Company")                                                  
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                                      
Shareholders are advised that earnings for the interim period, ended 31 August  
2003 will be substantially higher ("substantially" being an increase above 30%  
as defined in the revised JSE Securities Exchange South Africa Listings         
Requirements) than those reported on in the prior comparative period.           
These interim earnings have not been reviewed and reported on by the Company"s  
auditors.  Accordingly, shareholders are advised to exercise caution when       
dealing in StratCorp"s securities until the publication of the interim results. 
Further details will be provided when the aforementioned interim results are    
published on or about 28 November 2003.                                         
By order of the Board                                                           
Centurion                                                                       
24 November 2003                                                                
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