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Wed 23 Jun 2004, 17:10 TRADING UPDATE AND CAUTIONARY STATEMENT
BARNARD JACOBS MELLET HOLDINGS LIMITED - TRADING UPDATE AND CAUTIONARY STATEMENT
  Barnard Jacobs Mellet Holdings Limited                                          
  (Incorporated in the Republic of South Africa)                                  
  (Registration Number 1995/004798/06)                                            
  JSE Share code: BJM                                                             
  ISIN: ZAE000014262                                                              
  (`the company`)                                                                 
  TRADING UPDATE AND CAUTIONARY STATEMENT                                         
  Shareholders are advised that the company`s earnings and headline earnings per  
  share for the year ended 31 March 2004 will be substantially (`substantially`   
  equating to 30% or more as defined in the Listings Requirements of the JSE      
  Securities Exchange South Africa (`JSE`)) above those of the comparative period.
  Shareholders are further advised that this increase is mainly attributable to   
  the Group`s tax treatment of loss making subsidiaries and that the operating    
  profit of the Group remained subjected to depressed financial market volumes.   
  It is anticipated that the audited results for the year ended 31 March 2004 will
  be published on or about 29 June 2004.                                          
  As the company`s earnings and headline earnings per share for the year ended 31 
  March 2004 have not been reviewed and/or reported on by the company`s auditors, 
  shareholders are advised to exercise caution when dealing in the company`s      
  securities on the JSE until the audited results for the year ended 31 March 2004
  are published.                                                                  
  Johannesburg                                                                    
  23 June 2004                                                                    
  Sponsors:                                                                       
  Deloitte & Touche Sponsor Services (Pty) Limited                                
  Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
  Date: 23/06/2004 05:10:05 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 

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