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Tue 4 May 2004, 18:22 Trading Statement And Cautionary Announcement
Winhold Limited - Trading Statement And Cautionary Announcement 
Release Date: 04/05/2004 17:40:03      Code(s): WNH WNHP
  Winhold Limited - Trading Statement And Cautionary Announcement                 
  Winhold Limited                                                                 
  (Registration number 1945/019679/06)                                            
  Incorporated in the Republic of South Africa                                    
  (Share code: WNH/WNHP )                                                         
  (ISIN: ZAE000033916/ZAE000008041)                                               
  ("the Group")                                                                   
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  In terms of the Listings Requirements of the JSE Securities Exchange South      
  Africa ("the JSE"), listed companies are required to publish a trading statement
  as soon as they become aware that the financial results for the period to be    
  reported on next will be different to those of the previous corresponding       
  period.                                                                         
  Shareholders are advised that the results for the six months ended 31 March     
  2004, which have not been reviewed, audited or reported on by the Group         
  auditors, are expected to be substantially*  higher than the comparative results
  for the previous financial year.                                                
  (*  "substantially" is defined in the Listings Requirements as a change equal   
  to or greater than 30%, when compared to the prior comparative period.)         
  The reasons for the improvements can be attributed to:                          
  -    increased holding in Inmins Limited due to their buy-back of shares during 
  the previous year;                                                              
  - improved results from the Gundle Limited Group.                               
  The results for the six months ended 31 March 2004 are currently being finalised
  and the results are expected to be published by the end of May 2004.            
  Shareholders are accordingly advised to exercise caution when dealing in the    
  shares on the JSE until the results are published.                              
  By order of the board                                                           
  Johannesburg                                                                    
  4 May 2004                                                                      
  Sponsor                                                                         
  LPC Manhattan Sponsors (Pty) Ltd                                             
    (Registration number 1999/024792/07)                                          
  Date: 04/05/2004 05:40:04 PM Produced by the JSE SENS Department                
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