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Wed 23 Feb 2005, 10:17 TRADING STATEMENT
Brait S.A. - Trading Statement and date of publication of 2005 Financial Results
Brait S.A.                                                                      
Societe anonyme                                                                 
Incorporated in Luxembourg                                                      
Registration number; RC Luxembourg B-13861                                      
Share Code: BAT                                                                 
ISIN code: LU0011857645(`Brait` or `the group`)                                 
TRADING STATEMENT AND DATE OF PUBLICATION OF 2005 FINANCIAL RESULTS             
Shareowners are advised that due to the current favourable market environment   
and Brait`s own performance, earnings per share and headline earnings per share 
of the group for the year ending 31 March 2005 are likely to be within a range  
of 22.7 to 27.2 US cents per share. Earnings per share for the year ended 31    
March 2004 were 2.0 US cents per share and headline earnings were 6.5 US cents  
per share.                                                                      
Shareowners are cautioned that any material change in market conditions or      
portfolio valuations between now and 31 March 2005 could have a significant     
impact on the results.                                                          
The financial information on which this trading statement has been based has not
been reviewed or reported on by the group`s auditors.                           
The 2005 financial results of the group are expected to be published on or about
26 May 2005.                                                                    
Luxembourg                                                                      
22 February 2005                                                                
Lead Sponsor                                                                    
Deloitte & Touche Sponsor Services (Pty) Limited.                               
Joint Sponsor                                                                   
Brait Sponsors (Pty) Limited                                                    
Date: 23/02/2005 10:00:02 AM                   
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