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Thu 21 Oct 2004, 11:09 Trading Statement
South African Chrome and Alloys Limited - Trading Statement                     
South African Chrome and Alloys Limited                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/003452/06)                                            
(Share code: SCE      ISIN code: ZAE000022943)                                  
(`SA Chrome` or `the Company`)                                                  
TRADING STATEMENT                                                               
SA Chrome is currently finalising its results for the six months to 30 September
2004, which should be released before the end of November 2004.                 
Shareholders are advised that the Company`s net profit after tax is likely to be
close to break-even for the six months to 30 September 2004, compared to a net  
loss after tax of R51 million for the six months to 30 September 2003. Losses   
incurred early in the 6 month reporting period were largely offset by profits   
made later in the 6 month reporting period.                                     
This trading statement has not been reviewed nor reported on by the Company`s   
auditors.                                                                       
Johannesburg                                                                    
21 October 2004                                                                 
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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