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Tue 10 Feb 2004, 12:48 Trading Statement And Cautionary Announcement
Relyant Retail Limited - Trading Statement And Cautionary Announcement          
Relyant Retail Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1937/010108/06)                                            
Share Code : RLY    ISIN : ZAE000016457                                         
("Relyant")                                                                     
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa ("the JSE Listings Requirements") 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.                                                  
It is forecast that the increase in the earnings per share and the headline     
earnings per share of Relyant for the six months ended 31 December 2003 will be 
materially higher than those of the corresponding period last year. The JSE     
Listings Requirements defines "materially" as an increase or decrease of between
10% and 30%.                                                                    
As these forecasts have not been reviewed or audited, shareholders are advised  
to exercise caution when dealing in Relyant"s shares until the release of the   
interim announcement of Relyant"s results for the first six months which are    
expected to be published on or about 1 March 2004.                              
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 10/02/2004 12:37:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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