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Thu 13 May 2004, 17:45 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
CITY LODGE HOTELS LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT       
  CITY LODGE HOTELS LIMITED                                                       
  (Incorporated in the Republic of South Africa)                                  
  JSE code: CLH                                                                   
  ISIN code: ZAE000001483                                                         
  ("City Lodge")                                                                  
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  As required in terms of the JSE Securities Exchange South Africa"s Listings     
  Requirements, City Lodge advises that it expects that its earnings and headline 
  earnings for the year ended 30 June 2004 will be materially higher than for the 
  previous financial year.  In terms of these Requirements, "materially" is       
  defined as being between 10% and 30%.                                           
  This statement has not been reviewed by City Lodge"s auditors and consequently  
  shareholders should exercise caution when trading in City Lodge shares, until   
  the final results are released on or about 12 August 2004.                      
  Sandton                                                                         
  13 May 2004                                                                     
  Sponsor                                                                         
  Cazenove                                                                        
  Date: 13/05/2004 05:20:01 PM Produced by the JSE SENS Department
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