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Thu 13 May 2004, 16:02 RADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
COMMAND HOLDINGS LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT        
  Command Holdings Limited                                                        
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1999/014759/06)                                            
  JSE Share Code: CMA                                                             
  ISIN Code: ZAE000023131                                                         
  ("Command" or "the company")                                                    
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  Shareholders of Command are advised that earnings and headline earnings for the 
  period ended 30 June 2004 will be materially different ("materially" being an   
  increase between 10% and 30%, as defined in the JSE Securities Exchange South   
  Africa Listings Requirements) than those of the prior comparative period.       
  Further details will be provided when Command publishes the financial results   
  for the period ended 30 June 2004, which is expected to be during September     
  2004.                                                                           
  As a result of the above and due to the fact that the earnings estimate has not 
  been reviewed and reported on by Command"s auditors, shareholders are advised to
  exercise caution when dealing in the company"s shares until the aforementioned  
  results are published.                                                          
  Cape Town                                                                       
  13 May 2004                                                                     
  Sponsor:                                                                        
  Deloitte & Touche Sponsor Services (Pty) Ltd                                    
  (Registration number 1996/000034/07)                                            
  Date: 13/05/2004 03:53:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  
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