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Wed 28 Jul 2004, 12:39 Trading Statement And Cautionary Announcement
Caxtons - Trading Statement And Cautionary Announcement                         
CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED                                  
(FORMERLY CTP HOLDINGS LIMITED)                                                 
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1947/026616/06)                                            
SHARE CODE:   CAT                   ISIN: ZAE000043345                          
PREFERENCE SHARE CODE:  CATP        ISIN: ZAE000043352                          
(`CAXTONS` OR `THE COMPANY`)                                                    
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
Shareholders were advised in Caxtons` 2004 interim results announcement         
(published on SENS on 17 February 2004) that provided advertising spend         
continued to hold up, the Company believed it would be able to improve its      
operational profitability.                                                      
Mainly as a result of the increase in advertising spend and improved consumer   
spending in general, it is expected that the earnings per share, diluted        
earnings per share, headline earnings per share and diluted headline earnings   
per share for the year ended to 30 June 2004 will all show a material           
improvement on the results of the previous comparative period. The word material
in this context is defined as meaning a difference of between 10% and 30%.      
The financial information on which this trading statement is based has not been 
reviewed or reported on by the Company`s auditors. Shareholders are therefore   
advised to exercise caution when dealing in Caxtons shares until the publication
of its year end results on or about 24 August 2004.                             
Johannesburg                                                                    
28 July 2004                                                                    
Sponsor                                                                         
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited
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