STILFONTEIN GOLD MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1949/033412/06)
Share code: STI ISIN: ZAE000007118
("the Company")

INCOME STATEMENTS (ABRIDGED)

                                                         Reviewed       Audited
                                                                               
                                                             Year          Year
                                                                               
                                                            ended         ended
                                                                               
                                                          30 June       30 June
                                                                               
                                                             2003          2002
                                                                               
                                                            R'000         R'000
                                                                               
Net operating income/(loss) for year                           25         (490)
                                                                               
Provision for environmental rehabilitation                (3 564)             -
                                                                               
Net finance income                                            309           527
                                                                               
Net (loss)/income for year before taxation                (3 230)            37
                                                                               
Taxation                                                        3           159
                                                                               
Net loss for year                                         (3 233)         (122)
                                                                               
Earnings/(Loss) per share - (cents)                                            
                                                                               
- headline earnings                                        (24,7)         (0,9)
                                                                               
- attributable earnings                                    (24,7)         (0,9)
                                                                               
- before exceptional item                                     2,5         (0,9)
                                                                               
Earnings/(Loss) per share calculation is                                       
                                                                               
based on the average weighted number of                                        
                                                                               
shares in issue of                                     13 026 920    13 026 920


BALANCE SHEETS (ABRIDGED)


                                                         Reviewed       Audited
                                                                               
                                                          30 June       30 June
                                                                               
                                                             2003          2002
                                                                               
                                                            R'000         R'000
                                                                               
ASSETS                                                                         
                                                                               
Non-current assets                                                             
                                                                               
- Property, plant and equipment                             7 916         7 966
                                                                               
- Investments                                                  29            29
                                                                               
                                                            7 945         7 995
                                                                               
Current assets                                              9 431         5 949
                                                                               
Total assets                                               17 376        13 944
                                                                               
LIABILITIES AND SHAREHOLDERS" EQUITY                                           
                                                                               
Current liabilities                                         8 122         2 235
                                                                               
- non-interest bearing                                                         
                                                                               
Shareholders" equity                                        9 254        11 709
                                                                               
Total liabilities and shareholders" equity                 17 376        13 944
                                                                               
Net asset value per share (cents)                            70,8          89,6
                                                                               

STATEMENT OF CHANGES IN EQUITY

                                  Share        Share     Retained              
                                                                               
                                capital      premium     earnings         Total
                                                                               
                                  R'000        R'000        R'000         R'000
                                                                               
Balance on 1 July 2001            6 531        1 514        3 786        11 831
                                                                               
Net loss for year                     -            -        (122)         (122)
                                                                               
Balance on 1 July 2002            6 531        1 514        3 664        11 709
                                                                               
Net loss for year                     -            -      (3 233)       (3 233)
                                                                               
Dividends forfeited                   -            -          778           778
                                                                               
Balance on 30 June 2003           6 531        1 514        1 209         9 254
                                                                               

CASH FLOW STATEMENTS (ABRIDGED)

                                                     Reviewed           Audited
                                                                               
                                                         Year              Year
                                                                               
                                                        ended             ended
                                                                               
                                                      30 June           30 June
                                                                               
                                                         2003              2002
                                                                               
                                                        R'000             R'000
                                                                               
Net cash flows from operating activities                  818             4 894
                                                                               
Net cash flows from investing activities                   50                 -
                                                                               
Net cash flows from financing activities                  778                 -
                                                                               
Net increase for year                                   1 646             4 894
                                                                               
Net cash at bank at beginning of year                   5 150               256
                                                                               
Net cash at bank at end of year                         6 796             5 150
                                                                               

NOTES TO THE FINANCIAL STATEMENTS
1. Basis of accounting
These results are prepared in accordance with South African Statements of
Generally Accepted Accounting Practice ("GAAP") and Schedule 4 of the Companies
Act. These accounting policies are consistent with those used in the annual
financial statements for the year ended 30 June 2002.
2. During a previous financial year, the Company sold all its properties to a
third party. It was a specific condition of the sale agreement that the buyer
of those properties will be responsible for the environmental rehabilitation.
Since the Company has not yet obtained the necessary approval from the
Department of Minerals and Energy to transfer its obligations to the third
party with the disposal of the properties, the Company could be held
responsible by the Department of Minerals and Energy to rehabilitate the mining
area.
3. There has been no change in contingent liabilities since 30 June 2002.


COMMENTS
1. During the year under review, the Company continued pumping operations on
behalf of Hartebeestfontein Gold Mining Company Limited.
2. Provision has been made for taxation on non-mining income at a rate of 30%.
Auditors" report


The preliminary results of the Company as set out above have been reviewed by
the Company"s auditors, KPMG Inc. Their report is available for inspection at
the Company"s registered office.


For and on behalf of the board

R A R Kebble                            H C Buitendag                          
                                                                               
Non-Executive Chairman                  Non -Executive Director                
                                                                               

Johannesburg
10 October 2003

Company Secretary: P B Beale
Investor Relations: G W Poole
Tel +27 11 688 5100
Fax +27 11 836 3757
E-mail gpoole@jci.co.za
Registered Office: 28 Harrison Street
Johannesburg, 2001
(PO Box 11165, Johannesburg, 2000)
Transfer Secretaries: Computershare Limited
70 Marshall Street
Johannesburg, 2001
(PO Box 1053, Johannesburg, 2000)
United Kingdom Registrars: Capita Registrars
The Registry
34 Beckenham Road
Kent BR3 4TU
Telephone: (+087) 0162 3100
Telefax: (+020) 8639 2342

United Kingdom Secretaries: St James"s Corporate Services Limited
6 St James"s Place
London, SW1A 1NP
Telephone: (+020) 7491 1889
Telefax: (+020) 7491 1989

French Agents: Euro Emetteurs Finance
48 Boulevard des Batignolles
75850 Paris, CEDEX 17, France

Telephone: (+331) 5530 5900
Telefax: (+331) 5530 5910




END