BRIDGESTONE FIRESTONE MAXIPREST LIMITED -
Bridgestone Firestone Maxiprest Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/006456/06
Share code: BDS ISIN: ZAE 000027447
Trading Statement and Cautionary Announcement
This trading statement and cautionary announcement is issued in accordance with
the revised JSE Securities Exchange South Africa Listings Requirements, which
became effective on 1 September 2003. This requires listed companies to publish
a trading statement as soon as they become aware that the financial results for
the period to be reported on next will be materially different to that of the
previous corresponding period. The word "materially" is defined by the JSE
Listing Requirements as meaning a difference of between 10 and 30%.
Shareholders are advised that the year"s results will be materially different to
that of the previous corresponding period.
The results of the Group have been impacted by a number of factors:
* The continued strengthening of the Rand against the major currencies has had a
marked impact on the tyre retailing industry in South Africa both in respect of
margins and marketing activity.
* Furthermore, the extent of the forex volatility has resulted in unforeseen
forex losses.
* There has been an increase in the risk exposure associated with trading with
the rest of Africa.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Group"s auditors and shareholders are therefore
advised to exercise caution in this regard in trading in the company"s shares
until the release of the annual financial statements, which is expected in
February 2004.
Sandton
8 December 2003
Sponsor
Brait
Date: 08/12/2003 09:36:03 AM Supplied by www.sharenet.co.za
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