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Fri 16 Jul 2004, 13:12 Trading Statement And Cautionary Announcement
SAIL Group Limited - Trading Statement And Cautionary Announcement              
  SAIL Group Limited                                                              
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1941/014601/06)                                            
  Share Code: SIR   ISIN:  ZAE000039962                                           
  (`SAIL`)                                                                        
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  SAIL shareholders are advised that earnings per share and headline earnings per 
  share for the six months ended 30 June 2004 will be substantially higher than   
  that of the prior comparative period.                                           
  In this announcement the word `substantially` refers to an increase equal to or 
  greater than 30% as defined in the JSE Securities Exchange South Africa Listings
  Requirements.                                                                   
  Further details of the above will be provided when SAIL`s results for the six   
  months ended 30 June 2004 are published in August 2004.                         
  As the results for the six months ended 30 June 2004 have not  been reviewed by 
  the auditors, shareholders are advised to exercise caution when dealing in      
  SAIL`s shares until the aforementioned results are published.                   
  Midrand                                                                         
  16 July 2004                                                                    
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 16/07/2004 12:58:42 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  
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