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Hwa - Hwange Colliery Company - Trading Statement

Release Date: 30/09/2008 13:58:01      Code(s): HWA
HWA - Hwange Colliery Company - Trading Statement                               
HWANGE COLLIERY COMPANY LIMITED                                                 
(Incorporated in Zimbabwe)                                                      
Code: HWA & ISIN: ZW0009011934                                                  
("Hwange")                                                                      
TRADING STATEMENT                                                               
In terms of the Listing Requirements of the JSE Limited, companies are          
required to publish a Trading Statement as soon as they become reasonably       
certain that the financial results for the period to be reported on next, will  
differ by more than 20% from those of the previous corresponding period.        
The board of directors of Hwange advises that its inflation adjusted headline   
earnings per share for the six month period ended 30 June 2008 has decreased    
by 2 803% on the 17 138 499 220 Zimbabwean cents per share reported for the     
six month period ended 30 June 2007 and inflation adjusted earnings per share   
decreased by 2771% on the 17 142 526 863 Zimbabwean cents per share reported    
for the same period.                                                            
The financial information on which this trading statement is based has not      
been reviewed or reported on by Hwange`s auditors.                              
Hwange`s unaudited results for the period ended 30 June 2008 will be released   
on SENS on 30 September 2008.                                                   
REASON FOR TRADING STATEMENT AND RESULTS BEING PUBLISHED ON THE SAME DAY        
Due to several unforeseen complications encountered when communicating with     
Hwange via email and the length of time taken for the information requested to  
come from Hwange`s Finance Department due to internal email communication       
systems breakdown between Hwange and Harare, the financial information          
requested for the trading statement was not received in time for release prior  
to publication of Hwange`s interim results. Therefore, the trading statement    
and publication of the results will be released on the same day.                
Zimbabwe                                                                        
30 September 2008                                                               
Date: 30/09/2008 13:58:01 Supplied by www.sharenet.co.za                     
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