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Thu 22 Jan 2004, 15:31 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
MASONITE (AFRICA) LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT       
MASONITE (AFRICA) LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1942/015502/06)                                            
JSE Share Code:  MAS                                                            
ISIN: ZAE000004289                                                              
("Masonite")                                                                    
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
Shareholders are advised that headline earnings for the year ended 31 December  
2003 will be materially lower than that of the prior year, mainly due to the    
strength of the Rand during the 2003 financial year.                            
However, after adjusting for the effect of AC137 - Agriculture, earnings will be
substantially lower than that of the prior year.                                
In this announcement, the word "materially" refers to a decrease of between 10% 
and 30% and the word "substantially" refers to a decrease equal to or greater   
than 30%, both as defined in the Listings Requirements of the JSE Securities    
Exchange South Africa.                                                          
This information has been reviewed but not reported on by Masonite"s auditors.  
Shareholders are accordingly advised to exercise caution when dealing in their  
securities until the 2003 results are released in February / March 2004.        
Durban                                                                          
22 January 2004                                                                 
Investment Bank and Sponsor:                                                    
Nedbank Corporate                                                               
Date: 22/01/2004 03:27:03 PM Supplied by www.sharenet.co.za                     
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