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Wed 1 Sep 2004, 14:13 TRADING STATEMENT
KAGISO MEDIA LIMITED - TRADING STATEMENT                                        
KAGISO MEDIA LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Reg. No 1957/000036/06)                                                        
Share Code: KGM                                                                 
ISIN:ZAE000014007                                                               
(`Kagiso Media` or `the Company`)                                               
Trading statement                                                               
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa (`JSE`), 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.                                                           
Accordingly, shareholders are advised that due to the strong performance of all 
the group`s assets, but in particular its broadcasting assets (East Coast Radio,
Jacaranda 94.2, OFM and RadMark), it is anticipated that the results for the    
year ending 30 June 2004 will be between 10% and 20% higher than those of last  
year.                                                                           
The forecast has been reviewed by Kagiso Media`s auditors. The results for the  
year to 30 June 2004 are expected to be published on 13 September 2004.         
By order of the board                                                           
Sandton                                                                         
1 September 2004                                                                
Sponsor:                                                                        
Investec Securities Limited
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