TRADING STATEMENT

The Company is currently finalising its results for the half year ended 30 September 2005, which should be released on SENS on 14 November 2005. In this regard, shareholders are advised that the loss per share after impairments will be 93,7 cents (2004: earnings per share 81,2 cents). Headline earnings per share will be 46,1 cents (2004: 77,2 cents).

The reduction in headline earnings per share is mainly due to increased exploration activities and the impact of the higher oil price on the South African operations.

The loss per share is attributable to the impairment of certain exploration projects, the results of which have proved uneconomic.

The financial information on which this trading statement is based has not been reviewed and reported on by the Company's auditors.

Cape Town
07 November 2005

Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

(Incorporated in the Republic of South Africa)
(Registration number 1963/007579/06)
Share code JSE: TSX and NSX : THX
ISIN: ZAE000018552
("Trans Hex" or “the company”)