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Thu 22 Apr 2004, 17:45 Trading update and cautionary announcement
Peregrine Holdings Limited - Trading update and cautionary announcement         
Peregrine Holdings Limited                                                      
(Registration number 1994/006026/06)                                            
("Peregrine" or "the company")                                                  
JSE code: PGR    ISIN code: ZAE000015152                                        
Trading update and cautionary announcement                                      
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa, shareholders are advised that, in respect of the year ended 31 March    
2004:                                                                           
-  attributable earnings are expected to be substantially                       
(being more than 30%) higher than attributable earnings for the year ended 31   
March 2003;                                                                     
-  headline earnings and headline earnings per share are expected to be         
materially (being between 10% and 30%) higher than the headline earnings and    
headline earnings per share for the year ended 31 March 2003.                   
The information on which the above trading update has been provided has not been
reviewed or reported on by the company"s auditors.                              
Shareholders are advised to exercise caution when dealing in the company"s      
shares until the release of the results for the year ending 31 March 2004, which
results are expected to be released by the end of May 2004.                     
Sandton                                                                         
22 April 2004                                                                   
Corporate advisor and sponsor                                                   
Java Capital (Pty) Limited                                                      
Date: 22/04/2004 05:15:03 PM                
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