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Nictus Limited - Trading Update                                                 
Nictus Limited                                                                  
("Nictus")                                                                      
Registration number 1981/001858/06                                              
JSE Code: NCS                                                                   
NSX Code: NCT                                                                   
ISIN: NA0009123481                                                              
TRADING UPDATE                                                                  
Shareholders are advised that the interim results for the six months ended 30   
September 2003, which is to be released on SENS on or about 8 December 2003, are
expected to be substantially different than the headline earnings as reported in
the previous financial period.                                                  
Due to the fact that Nictus" auditors have not reviewed or reported on these    
results, shareholders are advised to exercise caution when dealing in their     
Nictus shares until the results are released on SENS on or about 8 December     
2003.                                                                           
PRETORIA                                                                        
2 December 2003                                                                 
Sponsor                                                                         
HSBC                                                                            
Date: 02/12/2003 09:57:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department

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