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Tue 9 Mar 2004, 13:30 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
SCHARRIG MINING LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT         
  SCHARRIG MINING LIMITED                                                         
  Incorporated in the Republic of South Africa                                    
  Registration number 1992/001973/06                                              
  Share code: SCN         ISIN:  ZAE000006474                                     
  ("Scharrig" or "the Company")                                                   
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  Shareholders are advised that it is expected that the results for the year ended
  31 March 2004 will show a substantial improvement on the results of the previous
  comparative period.  The word substantial in this context is defined as meaning 
  a difference equal to or greater than 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 Scharrig securities until the       
  publication of its year end results in June 2004.                               
  Boksburg                                                                        
  8 March 2004                                                                    
  Sponsor                                                                         
  Sasfin Corporate Finance                                                        
  A division of Sasfin Bank Limited                                               
  Date: 09/03/2004 01:25:12 PM Produced by the JSE SENS Department                
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