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Wed 26 Jan 2005, 17:07 Trading Statement
Caxton - Trading Statement                                                      
Caxton and Ctp Publishers and Printers Limited                                  
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1947/026616/06)                                            
Share Code: CAT   ISIN: ZAE000043345                                            
Preference Share Code: CATP   ISIN: ZAE000043352                                
(`Caxton` OR `the Company`)                                                     
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa (`JSE`) relating to Trading Statements, 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 differ by at least 20% or   
more from those of the previous corresponding period.                           
Caxton is expecting an increase of between 20% and 30% in both earnings per     
share and headline earnings per share for the six month period ended 31 December
2004.                                                                           
The information in this trading statement has not been reviewed nor reported on 
by Caxton`s auditors.  The interim results announcement is expected to be       
published on or about 18 February 2005.                                         
Johannesburg                                                                    
26 January 2005                                                                 
SPONSOR                                                                         
SASFIN CORPORATE FINANCE                                                        
A DIVISION OF SASFIN BANK LIMITED
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