Sable - Trading Statement

Sable - Trading Statement                                                       
Sable Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration Number  1968/010636/06)                                           
("Sable" or "the Company")                                                      
Share Code: SBL           ISIN: ZAE000006383                                    
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa 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 20% or more difference from those of  
the previous corresponding period.                                              
Sable is expecting a decrease of between 50% and 70% in earnings per share and  
headline earnings per share for the interim period ended 31 December 2004 ("the 
interim results") compared to that of the previous comparative period.          
The information in this trading statement has not been reviewed or reported on  
by Sable"s auditors.  The release of the interim results announcement is        
expected to be published on or before 30 March 2005.                            
Johannesburg                                                                    
24 March 2005                                                                   
Sponsor                                                                         
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
Date: 24/03/2005 05:00:08 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department