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Tue 6 Apr 2004, 17:54 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
OCTODEC INVESTMENTS LMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT      
  OCTODEC INVESTMENTS LMITED                                                      
  (Incorporated in the Republic of South Africa)                                  
  (Registration number:1956/002868/06)                                            
  Share Code:OCT                                                                  
  ISIN:ZAE000005104                                                               
  ("Octodec")                                                                     
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  In terms of the Listings Requirements of the JSE Securities Exchange South      
  Africa  ("the JSE Listings Requirements") a listed company is required to       
  publish a trading statement as soon as it becomes aware that the financial      
  results for the next period to be reported on will be materially different from 
  those of the previous corresponding period.                                     
  It is expected that earnings per linked unit and headline earnings per linked   
  unit for the six months ended 29 February 2004 will be materially higher than   
  those of the previous 6-month period ended 28 February 2003.  The JSE Listings  
  Requirements defines "materially" as an increase or decrease of between 10% and 
  30%.                                                                            
  As the above information has not been reviewed or reported on by Octodec"s      
  auditors, linked unit holders are advised to exercise caution when dealing in   
  Octodec"s linked units until the release of the announcement of Octodec"s       
  financial results for the six months to 29 February 2004 which are expected to  
  be published on or about 15 April 2004.                                         
  Pretoria                                                                        
  6 April 2004                                                                    
  Sponsor                                                                         
  PSG CAPITAL LIMITED                                                             
  Date: 06/04/2004 05:43:39 PM Produced by the JSE SENS Department                
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