Trans Hex Group Limited - News release

Trans Hex Group Limited - News release                                          
Trans Hex Group Limited                                                         
Trans Hex to defend DFI claim                                                   
(Cape Town, 9th September 2002) Trans Hex will vigorously defend the action     
instituted in the Cape High Court by its Canadian-based joint-venture mining    
partner.                                                                        
The action by foreign-based Diamond Fields International (DFI) for US$19,5      
million results from alleged repudiation of the joint-venture agreement by Trans
Hex.                                                                            
Trans Hex believes the claim is without merit and denies having repudiated the  
joint-venture agreement as suggested by DFI.  Trans Hex furthermore disputes    
that it is in breach of its obligation regarding DFI`s alleged option to        
purchase the mining vessel Mv Namakwa and intends to counterclaim.              
Over the past seven months numerous attempts by Trans Hex to amicably resolve   
differences within the joint venture have been to no avail.                     
With legal action now having been instituted the matter is sub judice and       
therefore Trans Hex management is not in a position to comment further on       
details of the case.                                                            
Ends.                                                                           
For further information :            Calvyn Gardner                             
                                     Tel: 021 937 2000                          
Issued by :                          Cullum Johnston                            
                                     BHA Communications                         
Tel: 021 683 2685 / 083 212 2455           

Date: 10/09/2002 07:00:01 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department