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Fri 2 Jul 2004, 15:18 Trading Statement And Cautionary Announcement
WB Holdings Limited - Trading Statement And Cautionary Announcement             
  WB HOLDINGS LIMITED                                                             
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1988/000570/06)                                            
  JSE code: WBH                      ISIN:  ZAE000007902                          
  (`WB Holdings` or `the company`)                                                
  TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
  In terms of the Listings Requirements of the JSE Securities Exchange South      
  Africa (`JSE`), listed companies are required to publish a trading statement as 
  soon as they become aware that the financial results for the period to be       
  reported on next will be materially different to that of the previous           
  corresponding period. Shareholders are advised that, due to the adverse effect  
  of the strong Rand on its export business, the financial results of WB Holdings 
  for the year ended 30 June 2004 will be substantially lower than that of the    
  previous financial year.  The word `substantially` is defined by the JSE        
  Listings Requirements as meaning a difference equal to or greater than 30%.     
  The financial information on which this trading statement is based has not been 
  reviewed or reported on by the company`s auditors and shareholders are therefore
  advised to exercise caution in trading in the company`s shares until release of 
  the year end results of Pals, which is expected at the end of September 2004.   
  2 July 2004                                                                     
  Cape Town                                                                       
  Sponsor                                                                         
  SASFIN CORPORATE FINANCE                                                        
  A Division of Sasfin Bank Limited                                               
  Date: 02/07/2004 02:52:59 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  

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