GRF - Group Five - Trading update

GRF - Group Five - Trading update                                               
Group Five Limited                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1969/000032/06)                                            
Share code: GRF   ISIN: ZAE000027405                                            
("Group Five" or "the company")                                                 
TRADING STATEMENT                                                               
Group Five shareholders are advised that earnings per share and headline        
earnings per share for the six months ended 31 December 2006 are expected to be 
45% to 55% and 70% to 80% higher than those published for the previous          
corresponding period of R0.81 and R0.69, respectively (before the effects of    
accounting for the BEE ownership transaction as at 30 September 2005).  This is 
mainly due to an improved operating performance from Construction and to a      
lesser extent, Manufacturing.                                                   
These forecasts for the six months ended 31 December 2006 have not been reviewed
or reported on by the company`s auditors.  The Company`s unaudited results for  
the six months ended 31 December 2006 will be published on 16 February 2007.    
Enquiries:                                                                      
Mike Lomas, Group Five CEO                             011 806 0245             
Paul O`Flaherty, Group Five CFO                        011 806 0172             
Johannesburg                                                                    
23 January 2007                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 23/01/2007 08:00:01 Supplied by www.sharenet.co.za                     
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