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Wed 6 Jul 2005, 9:11 Cadiz Holdings Limited
Cadiz Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/007258/06)                                            
ISIN: ZAE000017661                                                              
Share code:  CDZ                                                                
TRADING STATEMENT                                                               
In terms of the revised Listings Requirements of the JSE Securities Exchange    
South Africa, a listed company must publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial       
results for the period to be reported on will differ by at least 20 percent from
that of the previous corresponding period.                                      
Cadiz expects that for the six month period to 30 June 2005, headline earnings  
per ordinary share and earnings per ordinary share will be between 23 to 28     
percent higher than the first half of 2004. The reason for the increase is an   
improved operating performance together with the weakening of the rand.         
The information in this trading statement has not been reviewed and reported on 
by the auditors of the Company.  The results for the six months to 30 June 2005 
will be released on SENS on 1 August 2005.                                      
6 July 2005                                                                     
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 06/07/2005 09:11:06 AM                   
Produced by the JSE SENS Department                                             
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