Statement re Trading Update & Cautionary

    SIMMER AND JACK MINES, LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1924/007778/06

Share code: SIM ISIN: ZAE000006722

("Simmers" or "the Company")

TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT

Following a review of the interim results by the Company's auditors,
shareholders are advised that Simmers' headline earnings for the six-month
period ended 30 September 2003 will be substantially lower ("substantially"
being a decrease of equal to or greater than 30% as defined in the JSE
Securities Exchange South Africa Listings Requirements), when compared to the
prior comparative period.

The main reasons for the decrease in earnings are:

* lower production;

* lower grade; and

* the lower Rand gold price due to the strength of the Rand.

The Simmers board is presently finalising their review of the Company's results
for the six months to 30 September 2003. Shareholders are accordingly advised
to exercise caution when dealing in the Company's securities until the interim
results are published on or about 19 December 2003.

Johannesburg

5 December 2003

Sponsor

RIVER GROUP



END