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Tue 17 Aug 2004, 16:42 Trading Statement
Metropolitan Holdings Limited - Trading Statement                               
METROPOLITAN HOLDINGS LIMITED                                                   
Incorporated in the Republic of South Africa                                    
Registration Number: 2000/031756/06                                             
JSE share code: MET                                                             
NSX share code: MTD                                                             
ISIN: ZAE000050456                                                              
(`Metropolitan` or `the company`)                                               
TRADING STATEMENT                                                               
The improved operational performance, referred to in the financial results for  
the year ended 31 December 2003, together with the improved returns on          
investments has continued into 2004. It is therefore expected that              
Metropolitan`s results for the six months ended 30 June 2004 will show an       
improvement on the results of the previous comparative period, being the six    
months ended 30 June 2003, of between 20% and 40%.  These forecasts have not    
been reported on by the company`s auditors.                                     
The interim results for the six months ended 30 June 2004 will be published on 8
September 2004.                                                                 
Bellville                                                                       
17 August 2004                                                                  
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Ltd
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