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Mon 7 Feb 2005, 10:27 TRADING STATEMENT
CLIENTELE LIFE ASSURANCE COMPANY LIMITED - TRADING STATEMENT                    
CLIENTELE LIFE ASSURANCE COMPANY LIMITED                                        
Incorporated in the Republic of South Africa)                                   
Registration Number: 1973/016606/06)                                            
Share code: CLE                                                                 
ISIN: ZAE000013397                                                              
(`the group`)                                                                   
TRADING STATEMENT                                                               
Shareholders are advised that it is expected that both headline earnings and    
earnings per share for the six months ended 31 December 2004 will be 15% to 25% 
higher than those of the previous comparative period.                           
Shareholders are advised that the above financial measures of earnings and      
headline earnings per share are based on `net profit attributable to ordinary   
shareholders` being after tax earnings. Further to this, it is expected that    
`Profit before taxation` for the six months ended 31 December 2004, will be 40% 
to 50% higher than that of the prior comparative period.                        
The financial information on which this trading statement is based has not been 
reviewed or reported on by the group`s auditors. The publication of the results 
is expected in early March 2005.                                                
Morningside                                                                     
7 February 2005                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 07/02/2005 09:45:24 AM 
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