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Omn - Omnia Holdings Limited - Correction - Reviewed Provisional Results For The

Release Date: 15/06/2010 16:32:03      Code(s): OMN
OMN - Omnia Holdings Limited - Correction - Reviewed provisional results for the
year ended 31 March 2010                                                        
OMNIA HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1967/003680/06)                                           
JSE Code: OMN                                                                   
ISIN: ZAE000005153                                                              
("Omnia" or "the Company" or "the Group")                                       
CORRECTION - REVIEWED PROVISIONAL RESULTS FOR THE YEAR ENDED 31 MARCH 2010      
Omnia shareholders ("Shareholders") are referred to the reviewed provisional    
results announcement for the year ended 31 March 2010 which was published on    
SENS and in the press on Wednesday, 9 June 2010 ("Results Announcement").       
HEADLINE EARNINGS                                                               
Shareholders are hereby advised that a line item pertaining to the calculation  
of the headline earnings figure disclosed in the Results Announcement was       
inadvertently omitted in the calculation of headline earnings of the Group for  
the year ended 31 March 2010. Details of which are set out below.               
The business combination agreement with Nalco Africa resulted in a profit on the
contribution to the associate of R 20 million. The effect of this adjustment is 
a change in the headline earnings per share of the Group for the year ended 31  
March 2010 from 124.2 cents per share to 80.6 cents per share.                  
For ease of reference the full revised headline earnings reconciliation is      
provided below:                                                                 
Restated   As presented           
                                              for the    in the                 
                                              year ended Results                
                                              31 March   Announcement           
2010       before                 
                                                         restatement            
                                                                                
                                              R`millions R`millions             

 Net profit attributable to equity holders    56         56                     
 of the Company                                                                 
 Adjustment for loss on disposal of fixed     1          1                      
assets                                                                         
 Adjustment for profit on businesses          (20)                              
 contributed to associate                                                       
 Headline earnings                            37         57                     

 Divided by the weighted number of shares in  45 904     45 904                 
 issue (`000)                                                                   
 Headline earnings per share (cents)          80.6       124.2                  
Fully diluted headline earnings per share    80.4       123.8                  
 (cents)                                                                        
CASH DIVIDEND WITH SCRIP ALTERNATIVE                                            
In addition, as a result of the cash dividend with scrip alternative declared to
Shareholders, on 23 June 2009 the weighted average number of shares in issue was
used for the purposes of calculating various disclosures made on a per share    
basis.                                                                          
In the Results Announcement, this was incorrectly applied to the prior year     
comparatives.   These have been restated (as originally presented in the Group`s
Annual Financial Statements for the year ended 31 March 2009) as follows:       
                                        Restated     As                         
                                        2010         presented                  
comparative  in the                     
                                        figures      Results                    
                                        (as          Announceme                 
                                        presented    nt before                  
in the       restatemen                 
                                        Group`s      t                          
                                        Annual                                  
                                        Financial                               
Statements                              
                                        for the                                 
                                        year ended                              
                                        31 March                                
2009)                                   
 Earnings per share (cents)             1 107.4      1 097.1                    
 Diluted earnings per share (cents)     1 062.2      1 052.7                    
 Net asset value per share (Rand)       48.16        47.69                      
Headline earnings per share (cents)    1 114.2      1 103.8                    
 Diluted headline earnings per share    1 068.7      1 059.1                    
 (cents)                                                                        
 Weighted average number of shares in   44 316       44 755                     
issue (`000)                                                                   
 Weighted average number of fully       46 204       46 643                     
 diluted shares in issue (`000)                                                 
 Number of shares in issue (`000)       44 370       44 809                     
The Group`s auditors, PricewaterhouseCoopers Inc., have reviewed the condensed  
consolidated financial information for the year ended 31 March 2010 included in 
the Results Announcement and the restated financial information presented in    
this announcement and their unmodified review opinion is available for          
inspection at the Group`s registered office during normal business hours.       
Bryanston                                                                       
15 June 2010                                                                    
Sponsor: One Capital                                                            
Date: 15/06/2010 16:32:03 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          



                                        
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