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Omnia Holdings Limited - Trading Update And Cautionary Announcement

Release Date: 27/05/2004 15:44:03      Code(s): OMN
OMNIA HOLDINGS LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT             
Omnia Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1967/003680/06)                                            
JSE Share Code: OMN                                                             
ISIN: ZAE000005153                                                              
("Omnia" or the "Group")                                                        
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                                      
Omnia is a specialist chemical services company providing customised solutions  
in the agricultural, mining and industrial markets.                             
As indicated in its year-end results published in June last year, the financial 
year ended 31 March 2003 was an exceptional year for the Group. This was        
primarily due to unusually high export volumes and margins driven by the weak   
rand and the R27.4 million settlement of an outstanding loss of profits claim   
for a compressor failure at the Group"s Sasolburg plant during 2000.            
Earnings for the full year to 31 March 2004 were therefore not expected to match
those of the prior year, but to revert to the Group"s historic solid earnings   
growth.                                                                         
As a result, Omnia"s headline earnings per share for the year ended 31 March    
2004 will be materially* lower than those of the comparative period. However,   
they will be substantially* better than the year ended 31 March 2002, a more    
appropriate comparative period. The second half of this year saw a big          
improvement on the first half due to the summer rainfall materialising in the   
second half and the inclusion of Prochem for a full half-year.                  
The Prochem acquisition has bedded down well and the Group is on track with the 
exploitation of the inherent synergies and opportunities across all the         
businesses. A solid platform for growth has been set with an appropriate balance
between Agriculture, Mining and Chemicals.                                      
The results for the year ended 31 March 2004 will be published on 21 June 2004. 
As the information contained herein has not been reviewed and/or reported on by 
Omnia"s auditors, shareholders are advised to exercise caution when dealing in  
Omnia"s securities on the JSE Securities Exchange SA ("JSE") until the results  
are published.                                                                  
(*" Materially" is defined in the JSE Listings Requirements as a change between 
10% and 30% when compared to the prior comparative period and  "substantially"  
is defined in the JSE Listings Requirements as a change equal to or greater than
30% when compared to the prior comparative period.)                             
Johannesburg                                                                    
27 May 2003                                                                     
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited                   
Date: 27/05/2004 03:44:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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