Nu-World - Trading Statement And Cautionary Announcement
NU-WORLD HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1968/002490/06)
Share Code: NWL ISIN code: ZAE000005070
("Nu-World", "the company" or "the Group")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Shareholders were advised in Nu-World"s 2003 annual results announcement
(published on SENS on 14 October 2003) and in the Group"s annual report that an
improvement in trading conditions was anticipated.
In line with this statement and mainly as a result of lower interest rates,
increased consumer spending and the appreciation of the Rand, it is expected
that the results for the six months to 28 February 2004 will show a substantial
improvement on the results of the previous comparative period, being the six
months to 28 February 2003. 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 Nu-World securities until the
publication of its interim results in April 2004.
Sandton
9 March 2004
Lead Sponsor Joint Sponsor
Sasfin Corporate Finance Nedbank Corporate
A division of Sasfin Bank
Limited
Date: 09/03/2004 04:00:03 PM Produced by the JSE SENS Department
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