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PUTCO PROPERTIES LIMITED - TRADING STATEMENT CORRECTION                         
PUTCO PROPERTIES LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1988/001085/06)                                            
Share code: PPR                                                                 
ISIN:  ZAE000005567                                                             
(`THE COMPANY` OR `PUTPROP`)                                                    
TRADING STATEMENT CORRECTION                                                    
Shareholders are referred to the trading statement issued on SENS on 8 September
2004 which stated, inter alia, that headline earnings are expected to be between
0% and 10% higher than the prior year. This should have read that headline      
earnings are expected to be between 0% and 10% lower than the prior year.       
Sandton                                                                         
9 September 2004                                                                
Sponsor: Ernst & Young Sponsors (Proprietary) Limited

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