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Thu 12 Feb 2004, 16:47 CAUTIONARY ANNOUNCEMENT
Caxton And Ctp Publishers And Printers Limited - Trading Statement And 
Release Date: 12/02/2004 16:30:01      Code(s): CAT CATP 
CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED - TRADING STATEMENT AND          
CAUTIONARY ANNOUNCEMENT                                                         
CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED                                  
(FORMERLY CTP HOLDINGS LIMITED)                                                 
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1947/026616/06)                                            
SHARE CODE CAT   ISIN: ZAE000043345                                             
PREFERENCE SHARE CODE: CATP   ISIN: ZAE000043352                                
("CAXTONS" OR "THE COMPANY")                                                    
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
Shareholders were advised in Caxton"s 2003 annual results announcement          
(published on SENS on 9 September 2003) and in the Company"s annual report that 
Caxtons was budgeting for increased growth.                                     
Mainly as a result of increased consumer spending, increased advertising spends 
and the appreciation of the Rand, it is expected that the earnings per share,   
diluted earnings per share, headline earnings per share and diluted headline    
earnings per share for the six months to 31 December 2003 will all show a       
material improvement on the results of the previous comparative period. The word
material in this context is defined as meaning a difference of between 10% and  
30%.                                                                            
The financial information on which this trading statement is based has not been 
reviewed or reported on by the Company"s auditors. Shareholders are therefore   
advised to exercise caution when dealing in Caxtons shares until the publication
of its interim results on or about 17 February 2004.                            
Johannesburg                                                                    
12 February 2004                                                                
Sponsor                                                                         
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
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