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Thu 4 Sep 2003, 14:05 TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
HERITAGE COLLECTION HOLDINGS - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT       
HERITAGE COLLECTION HOLDINGS LIMITED                                            
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1998/007269/06)                                            
Share Code : HCL                                                                
ISIN : ZAE000023594                                                             
("the company")                                                                 
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                                      
Difficult trading conditions have continued to be experienced by companies in   
the Group and shareholders are advised that the company"s earnings for the six  
months ended 30 June 2003 will be substantially below those of the comparative  
period.  It is anticipated that the interim results for the six months ended 30 
June 2003 will be published on or about 15 September 2003, at which stage       
further details will be provided regarding the company"s results.               
The company"s earnings and headline earnings have not been reviewed and/or      
reported on by the company"s auditors and accordingly, shareholders are advised 
to exercise caution when dealing in the company"s securities on the JSE until   
the interim results for the six months ended 30 June 2003 are published.        
Cape Town                                                                       
5 September 2003                                                                
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance                                         
(Pty) Limited                                                                   
Date: 04/09/2003 01:35:19 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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