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Fri 1 Apr 2005, 10:27 Brait S.A.Societe anonyme - Trading Statement.
Brait S.A.Societe anonyme - Trading Statement.                                  
Brait S.A.Societe anonymeIncorporated in Luxembourg - Registration number; RC   
Luxembourg B-13861                                                              
Share Code: BAT                                                                 
ISIN code: LU 0011857645                                                        
(`Brait` or `the group`)                                                        
FURTHER TRADING STATEMENT                                                       
Further to the statement issued on 22 February 2005, shareowners are advised    
that due to a continuing improvement of the estimated fair value of Brait`s     
assets at 31 March 2005, earnings per share (eps) and headline earnings per     
share (heps) of the group for the year ending 31 March 2005 are likely to be    
within the following ranges:                                                    
*  Basic eps and heps from 33.0 to 39.6 US cents per share                      
*  Diluted eps and heps from 30.1 to 36.1 US cents per share                    
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.                                                                    
Luxembourg1 April 2005                                                          
Lead SponsorDeloitte & Touche Sponsor Services (Pty) Limited.                   
Joint Sponsor                                                                   
Brait Sponsors (Pty) Limited                                                    
Date: 01/04/2005 09:00:21 AM                     
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