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Tue 21 Sep 2004, 16:46 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
ASTRAPAK LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                
ASTRAPAK LIMITED                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/009169/06)                                            
Share code APK ISIN ZAE000030938                                                
(`Astrapak` or `the Company`)                                                   
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
Astrapak is currently finalising its results for the half year ended 31 August  
2004 and advises that its headline earnings per linked unit for the half year   
ended 31 August 2004 is expected to increase by between 20% and 30% over that of
the previous corresponding period.                                              
The results for the half year ended 31 August 2004 are expected to be released  
on 13 October 2004.                                                             
The forecast information on which this trading statement is based has not been  
reviewed nor reported on by the Company`s auditors in accordance with the JSE   
Securities Exchange South Africa Listings Requirements.                         
CAUTIONARY ANNOUNCEMENT                                                         
Linked unitholders are further advised that the Company is in discussions with  
Black Economic Empowerment parties with a view to such parties in due course    
taking up linked units in the company.                                          
Linked unitholders are therefore advised to exercise caution when dealing in the
Company`s linked units until further notice.                                    
Sandton                                                                         
21 September 2004                                                               
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Legal Advisor                                                                   
Paul Botha Inc.                                                                 
Date: 21/09/2004 04:22:20 PM                    
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