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Mon 16 May 2005, 17:20 TRADING STATEMENT
Intertrading Limited - Trading Statement                                        
Intertrading Limited                                                            
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1987/004777/06)                                            
SHARE CODE ITR ISIN ZAE000015566                                                
(`INTERTRADING` 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 show a difference of 20% or  
more from those of the previous corresponding period.                           
Intertrading recorded a loss per share of 8.6 cents per share and a headline    
loss of 4.2 cents per share for the year ended 28 February 2004. For the year   
ended 28 February 2005, Intertrading is expecting a loss per share of between   
1.1 cents and 1.4 cents per share, and headline earnings per share between 2.9  
and 3.4 cents.                                                                  
The information in this trading statement has not been reviewed or reported on  
by Intertrading`s auditors. The company`s reviewed results are expected to be   
published before the end of May 2005.                                           
Johannesburg                                                                    
16 May 2005                                                                     
Sponsor                                                                         
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
Date: 16/05/2005 05:20:02 PM
Produced by the JSE SENS Department                                             
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