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Tue 13 Jul 2004, 16:00 Trading statement and cautionary announcement
ASPEN PHARMACARE HOLDINGS LIMITED - TRADING STATEMENT AND CAUTIONARY            
  ANNOUNCEMENT                                                                    
  Aspen Pharmacare Holdings Limited                                               
  (Incorporated in the Republic of South Africa)                                  
  (Reg. No 1985/022935/06)                                                        
  Share Code: APN     ISIN:  ZAE000023586                                         
  (`Aspen`)                                                                       
  Trading statement and cautionary announcement                                   
  In terms of the Listings Requirements of the JSE Securities Exchange South      
  Africa (`the JSE Listing Requirements`) a listed company is required to publish 
  a trading statement as soon as it becomes aware that the financial results for  
  the next period to be reported on will be materially different from those of the
  previous corresponding period.                                                  
  Due to the consistent positive performance of the Aspen Group, it is forecast   
  that the results for the year ended 30 June 2004 will be materially higher than 
  those of the previous year (`materially` being a difference of between 10% and  
  30% in terms of the JSE Listings Requirements).                                 
  As the forecast has not been reviewed or reported on by Aspen`s auditors        
  shareholders are advised to exercise caution when dealing in Aspen shares until 
  the release of the announcement of the results for the year ended 30 June 2004  
  which are expected to be published on or about 19 August 2004.                  
  By order of the Board                                                           
  Durban                                                                          
  13 July 2004                                                                    
  Sponsor:  Investec Bank Limited                                                 
  Date: 13/07/2004 03:43:39 PM Produced by the JSE SENS Department
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