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Tue 15 Mar 2005, 17:03 TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
MORIBO LEISURE LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT          
MORIBO LEISURE LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1919/001318/06)                                            
Share code: MRB   ISIN: ZAE000014023                                            
(`Moribo` or `the company`)                                                     
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
Moribo is currently finalising its results for the year ended 31 December 2004, 
which should be released on SENS by 31 March 2005. Shareholders are advised that
Moribo will be reporting a loss of between 10 cents and 12 cents per share and a
headline loss of between 8 cents and 10 cents per share. The financial          
information on which this trading statement is based has not been reviewed and  
reported on by the company`s auditors.                                          
Shareholders are advised that the company has entered into negotiations which,  
if successfully concluded, may have a material effect on the price of the       
company`s shares. Accordingly, shareholders are advised to exercise caution when
dealing in their shares in the company until a further announcement is made.    
Johannesburg                                                                    
15 March 2005                                                                   
Sponsor                                                                         
   ABSA                                                                         
   Corporate and Merchant Bank                                                  
   Corporate Finance                                                            
ABSA Bank Limited                                                            
  (Registration number 1986/004794/06)                                          
Date: 15/03/2005 05:00:52 PM                     
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