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Wed 18 Feb 2004, 17:26 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
GLODINA - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                         
GLODINA HOLDINGS LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/004150/06)                                            
Share code: GDA                                                                 
ISIN:  ZAE000040002                                                             
("Glodina" or "the company")                                                    
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
Shareholders of Glodina are advised that earnings for the year ended 31 December
2003 will be substantially higher ("substantially" being an increase equal to or
greater than 30%, as defined in the JSE Securities Exchange South Africa        
Listings Requirements) than those of the prior year.                            
Further details will be provided when Glodina publishes the audited results for 
the year ended 31 December 2003, which is expected to be on or about 27 February
2004.                                                                           
As a result of the above and due to the fact that the earnings estimate has not 
been signed off by Glodina"s auditors, shareholders are advised to exercise     
caution when dealing in the company"s shares until the final results for the    
year ended 31 December 2003 are published.                                      
Hammarsdale                                                                     
18 February 2004                                                                
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Registration number 1996/000034/07)                                            
Date: 18/02/2004 05:15:02 PM Supplied by www.sharenet.co.za                     
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