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Wed 11 Feb 2004, 17:17 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
METAIR INVESTMENTS LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT      
METAIR INVESTMENTS LIMITED                                                      
Reg No. 1948/031013/06                                                          
Share code : MTA                                                                
 ISIN code : ZAE000004743                                                       
 (Incorporated in the Republic of South Africa)                                 
 ("Metair" or "the group")                                                      
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
Based on an unaudited earnings estimate, the group"s results for the year ended 
31 December 2003 will reflect a substantial* improvement over the results for   
the previous financial year ended 31 December 2002.                             
(* "substantial" is defined in the Listings Requirements of the JSE Securities  
Exchange  South Africa as a change equal to or greater than 30% when compared to
the prior comparative period.)                                                  
The improvement is attributable to increased turnover, more favourable exchange 
rates and improved operating conditions.                                        
Further details will be provided when Metair"s audited annual financial         
statements for the year ended 31 December 2003 are released on or about 31 March
2004. Shareholders are advised to exercise caution when dealing in Metair shares
until the aforementioned annual financial statements are released.              
BY ORDER OF THE BOARD                                                           
Johannesburg                                                                    
11 February 2004                                                                
SPONSOR                                                                         
LPC Manhattan Sponsors (Pty) Ltd                                                
(Reg. No. 1999/024792/07)                                                       
Date: 11/02/2004 05:15:02 PM Supplied by www.sharenet.co.za                     
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