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Wed 21 Jan 2004, 9:27 TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
DIGICORE HOLDINGS LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT          
DIGICORE HOLDINGS LIMITED                                                       
Registration number: 1998/012601/06                                             
JSE Share Code: DGC                                                             
ISIN Number: ZAE000016945                                                       
("Digicore")                                                                    
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                                      
Shareholders are advised that Digicore are in discussions, which, if            
successfully concluded, may have a material effect on Digicore"s share price.   
Furthermore shareholders are advised that earnings for the interim period ended 
31 December 2003 will be materially higher ("materially" being an increase      
between 10% and 30% as defined in the revised JSE Securities Exchange South     
Africa Listings Requirements) than those of the prior comparative period.       
The improvement in earnings is largely attributable to improved turnover,       
margins and profit achieved by all divisions of the group. Further details will 
be provided when Digicore"s interim results for the six months ended 31 December
2003 are published on or about 16 March 2004.                                   
As a result of the above and as the earnings estimate has not been reviewed and 
reported on by Digicore"s auditors, shareholders are advised to exercise caution
when dealing in Digicore"s shares until the aforementioned interim results are  
published and an announcement in respect of the aforesaid discussions have been 
published.                                                                      
By order of the Board                                                           
Pretoria                                                                        
21 January 2004                                                                 
Sponsor:                                                                        
PSG Capital Limited                                                             
Date: 21/01/2004 08:00:10 AM Supplied by www.sharenet.co.za                     
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