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SPA - Spanjaard - Trading Statement & declaration of ordinary dividend number 15

Release Date: 29/02/2008 17:00:01      Code(s): SPA
SPA - Spanjaard - Trading Statement & declaration of ordinary dividend number 15
SPANJAARD LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1960/004393/06)                                            
Share code SPA      ISIN: ZAE000006938                                          
("the company")                                                                 
Shareholders are advised that the headline earnings and earnings per share for  
the financial year ending 29 February 2008 are expected to be within a range of 
230% - 250% greater than those for the comparable period last year.             
It is noted that the earnings per share has been calculated based on a weighted 
average of 7.328 million shares in issue for the financial year ending 29       
February 2008. Current shares in issue 8.143 million.                           
This information has not been reviewed by the auditors of the company.          
Notice is hereby given that ordinary dividend number 15 of 10 (ten) cents per   
share has been declared in respect of the year ending 29 February 2008.         
The salient dates of the declaration are as follows:                            
-    last day to trade in order to be eligible for the dividend  Friday 9 May   
-    shares trade ex-dividend                Monday 12 May 2008                 
-    record date                             Friday 16 May 2008                 
-    payment made                            Monday 19 May 2008.                
Shares may not be dematerialised/ rematerialised between Monday 12 May and      
Friday 16 May 2008, both days inclusive.                                        
The dividend will amount to R814 300 (2007: R285 000) and the directors confirm 
that the company has adequate cash resources at its disposal for this purpose   
out of the current year`s profit, which is estimated to be between R 5,5m -     
R5,8m  before tax.                                                              
By order of the board                                                           
Wynberg, Sandton                                                                
29 February 2008                                                                
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 29/02/2008 17:00:01 Supplied by www.sharenet.co.za                     
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