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Mon 18 Oct 2004, 18:02 DORBYL LIMITED - TRADING UPDATE
DORBYL LIMITED - TRADING UPDATE                                                 
DORBYL LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration no. 1911/001510/06)                                               
Share code: DLV ISIN code: ZAE 000002184                                        
(`Dorbyl` or `the company`)                                                     
Trading Update                                                                  
In terms of the revised 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 show a 20% or more difference from those of the   
previous corresponding period.                                                  
Dorbyl hereby advises that for the six months ended 30 September 2004, it is    
expecting earnings per share to be 30% to 50% below, and headline earnings per  
share to be 30% to 50% above those reported for the previous comparative period 
ended 30 September 2003. The main reason for the decline in earnings per share  
is the exceptional profit of R35,5m realized on business disposals in the prior 
comparative period.                                                             
The information in this trading statement has not been reviewed or reported on  
by Dorbyl`s auditors.                                                           
The abovementioned results are expected to be published on or about 24 November 
2004.                                                                           
Johannesburg                                                                    
18 October 2004                                                                 
Sponsor - PSG Capital Limited                                                   
Date: 18/10/2004 04:51:26 PM                   
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