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Fri 26 Mar 2004, 16:35 Trading Update And Cautionary Statement
Heritage Collection Holdings Limited - Trading Update And Cautionary Statement  
  HERITAGE COLLECTION HOLDINGS LIMITED                                            
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1998/007269/06)                                            
  JSE code: HCL                                                                   
  ISIN: ZAE000023594                                                              
  ("the company")                                                                 
  TRADING UPDATE AND CAUTIONARY STATEMENT                                         
  In terms of the listing requirements of the JSE, shareholders are advised that  
  the loss and headline loss per share for the year ended 31 December 2003 will be
  substantially greater than those of the comparative period for the year ended   
  December 2002.  It is anticipated that the audited results for the year ended 31
  December 2003 will be published on or about 30 March 2004, at which stage       
  further details will be provided regarding the company"s results, initiatives   
  taken and the future prospects for the forthcoming year.                        
  Shareholders are advised to exercise caution when dealing in the company"s      
  securities on the JSE until the audited results for the year ended 31 December  
  2003 are published.                                                             
  Cape Town                                                                       
  26 March 2004                                                                   
  Sponsor:                                                                        
  Barnard Jacobs Mellet Corporate Finance                                         
  (Pty) Limited                                                                   
  Date: 26/03/2004 03:58:56 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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