TRANS HEX GROUP LTD - DIAMONDS ARE AN INVESTOR'S BEST FRIEND

News release

Strong US Dollar-based diamond prices, a higher value production mix coupled
with a decline in the value of the Rand have all contributed to a massive
65% increase in attributable income, to R128-million, for alluvial miner
Trans Hex.

These favourable results have enabled the Company to declare a final

dividend of 28-cents, bringing the total for financial 2001 to 42-cents - an
increase of 27% over last year and continuing a tradition of consistent
investor returns that began with listing in 1981.

"We are extremely pleased with the financial results tabled today.  The past
year has seen the smooth integration of two mergers and the establishment of
a promising deep-water mining joint-venture," said Trans Hex chairman,
Bernard van Rooyen.

"On top of this, the outlook for the future is positive," adds van Rooyen.
"Increased output from the new central plant at Baken and an expected 20 000-
carat contribution from the Diamond Fields International (DFI) joint-venture
will see Trans Hex's diamond production topping the 200 000 carat mark for
the first time during the coming financial year."

The Baken plant was officially opened by Premier Manne Dipico on 18th May
and will boost production at the Company's flagship mine to 60 000-carats
per annum, while at the same time dropping operational cost by 37%.

The DFI joint-venture is almost six months ahead of its scheduled November
implementation date.  The unexpected early availability of a suitable mining
vessel, the mv Ivan Prinsep, will enable diamond production from the highly
mineralised Marshalls Fork and Diaz Reef features off the Luderitz coast to
contribute almost immediately.

The Saxendrift mine, acquired through the merger with Gem Diamonds, has made
a substantial impact on profitability.  The mine consistently achieves some
of the highest rough-diamond prices in the world, presently averaging over
US$1 250 per carat run-of-mine.

While Saxendrift accounts for only 7% of total carat production it

contributes 18% of revenue and produced the largest diamond ever recovered
in the Company's 36 year history - a 216-carat pale yellow gem.

Trans Hex has established a global reputation for producing sought-after gem-
quality diamonds and, in spite of a slowdown in the United States economy
(home to the largest jewellery market in the world), prices have remained
buoyant for all types of production.

Agreement in principle has been reached for Mvelaphanda Holdings to increase
its shareholding in Trans Hex.  Provisions contained in the new Minerals
Development Bill make strategic alliances an increasingly important part of
future corporate activity.

Trans Hex continued to market its entire production independently through a
tender system under the supervision of the South African Diamond Board.
This system, coupled with Certificates of Origin, ensures that no so-called
`conflict' diamonds can enter the legitimate market through Trans Hex
channels.

"Financial 2001 has produced some of the best results in the Company's 36-
year history," said van Rooyen.  "The Board acknowledges the magnificent
contribution of management and worker alike.  At the end of the day that's
what separates the winners from the also-rans and, at Trans Hex, I am proud
to say we have the winners."
Ends.

Full result details are available on the website: www.transhex.co.za

For further information : Peter Danchin Trans Hex Group Tel: (021) 939-1105
/ 082 374-7649

Issued by : Cullum Johnston  BHA Communications Tel: (021) 683-2685 / 083
212-2455
Date 21st May 2001