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Thu 18 Mar 2004, 12:59 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
BARLOWORLD LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT              
  Barloworld Limited                                                              
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1918/000095/06)                                            
  (Share code: BAW)                                                               
  (ISIN: ZAE000026639)                                                            
  ("Barloworld")                                                                  
  Trading statement and cautionary announcement                                   
  International industrial brand management company Barloworld will release its   
  interim results for the six months ended 31 March 2004 on Wednesday 12 May 2004.
  Headline earnings per share are expected to be substantially above the          
  comparable period last year.                                                    
  The main factors which will favourably impact headline earnings for the first   
  half are a lower adverse fair value adjustment on financial instruments, an     
  exceptional write back of a provision made in 2002 for the closure of one of the
  company"s South African pension funds and  the beneficial effect on finance     
  costs of lower South African interest rates.                                    
  The above earnings information has not been reviewed by Barloworld"s auditors.  
  Consequently, shareholders in Barloworld should exercise caution when trading in
  Barloworld"s share until the interim results are released on 12 May 2004.       
  Sandton                                                                         
  18 March 2004                                                                   
  Sponsor                                                                         
  Cazenove                                                                        
  For background information please contact Mark Drewell, Head of Corporate       
  Communication at Barloworld Limited on (011) 445 1204 or visit                  
  www.barloworld.com                                                              
  Date: 18/03/2004 12:43:26 PM Produced by the JSE SENS Department
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