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Tue 28 Sep 2004, 17:35 SABLE - TRADING STATEMENT
SABLE - TRADING STATEMENT                                                       
  SABLE HOLDINGS LIMITED                                                          
  (INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
  (REGISTRATION NUMBER  1968/010636/06)                                           
  (`SABLE` OR `THE COMPANY`)                                                      
  SHARE CODE: SBL           ISIN: ZAE000006383                                    
  TRADING STATEMENT                                                               
  In terms of the revised Listings Requirements of the JSE Securities Exchange    
  South Africa (`JSE`) relating to trading statements which become effective on 1 
  December 2004, but which the JSE encourages immediate implementation of, 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 show
  a 20% or more difference from those of the previous corresponding period.       
  Sable is expecting an increase of between 260% and 270% in earnings per share   
  and an increase of between 125% and 135% in headline earnings per share for the 
  year ended 30 June 2004 (`the year end results`) compared to that of the        
  previous comparative period.                                                    
  The information in this trading statement has not been reviewed or reported on  
  by Sable`s auditors.  The release of the year end results announcement is       
  expected to be published on or before 30 September 2004.                        
  Johannesburg                                                                    
  28 September 2004                                                               
  Sponsor                                                                         
  Sasfin Corporate Finance                                                        
  A division of Sasfin Bank Limited                                               
  Date: 28/09/2004 05:30:43 PM Produced by the JSE SENS Department
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