Mutual & Federal Insurance Company Limited - Trading statement and cautionary
announcement
Mutual & Federal Insurance Company Limited
Registration number 1970/006619/06
Incorporated in the Republic of South Africa
Share code: MAF ISIN: ZAE000010823
("Mutual & Federal")
Trading statement and cautionary announcement
Shareholders are advised that should the current underwriting performance and
the general investment market conditions continue for the remainder of the 2003
financial year, headline earnings for the year ending 31 December 2003 will be
substantially higher than those of the prior comparative period.
Further details will be provided when the results for the year ended 31 December
2003 are published on or about 11 February 2004.
The above earnings estimate has not been reviewed and reported on by Mutual &
Federal"s auditors.
Shareholders are advised to exercise caution when dealing in Mutual & Federal"s
shares until the aforementioned results for the year ended 31 December 2003 are
published.
Johannesburg
5 December 2003
Joint Sponsors
Nedbank Corporate
Merrill Lynch
Date: 05/12/2003 05:47:02 PM Supplied by www.sharenet.co.za
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