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Mon 2 Feb 2004, 15:39 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
KAGISO MEDIA LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT            
  KAGISO MEDIA LIMITED                                                            
  (Incorporated in the Republic of South Africa)                                  
  (Reg. No 1957/000036/06)                                                        
  Share Code: KGM       ISIN: ZAE000014007                                        
  ("Kagiso Media")                                                                
  In terms of the amended Listings Requirements of the JSE Securities Exchange    
  South Africa ("the JSE") a listed company is required to publish a trading      
  statement as soon as it becomes aware that the financial results for the next   
  period to be reported on will be materially different from those of the previous
  corresponding period.                                                           
  Accordingly, shareholders are advised that due to the strong performance of its 
  core radio operations, namely East Coast Radio, Jacaranda 94.2, OFM and RadMark,
  it is anticipated that the results for the six months ended 31 December 2003    
  will be materially higher than those of last year ("materially" being a         
  difference of between 10% and 30% increase or decrease as defined in the JSE    
  Listings Requirements).                                                         
  As the forecast has not been reviewed or reported on by Kagiso Media"s auditors,
  shareholders are advised to exercise caution when dealing in their Kagiso Media 
  shares until the release of the interim announcement of results for the six     
  months ended 31 December 2003 which are expected to be published on or about 19 
  February 2004.                                                                  
  By order of the board                                                           
  Sandton                                                                         
  02 February 2004                                                                
  Sponsor :  Investec Securities Limited                                          
  Date: 02/02/2004 03:29:03 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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