RNS Number:2292L
Metorex Ld
16 May 2003

METOREX LIMITED

   (Incorporated in the Republic of South Africa)

   (Registration number 1934/005478/06)

   Share code: MTX   ISIN code: ZAE000022745

   Issuer code: MEMTX

   ("the Group")

TRADING UPDATE

   Shareholders are advised that the sustained strength of the Rand/US Dollar
exchange rate has contributed to a significant decline in the Group's earnings
for the quarter ended 31 March 2003.  Accordingly, the results for that quarter
will be substantially below those reported for the previous quarter.

   Johannesburg

   16 May 2003

Sponsor

   Barnard Jacobs Mellet

   Corporate Finance


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