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AMS - Anglo Platinum Limited - Trading Statement

Release Date: 13/07/2010 11:34
Code(s): AMS
Wrap Text

AMS - Anglo Platinum Limited - Trading Statement Anglo Platinum Limited Registration No.: 1946/022452/06 Instrument Alpha Code/Ticker Symbol: AMS ISIN: ZAE000013181 ("Anglo Platinum" or "the Company") TRADING STATEMENT Further to the announcement released on SENS on 17 May 2010, Anglo Platinum advises shareholders that basic earnings per share for the half year ended 30 June 2010 are expected to be between 1,253 cents and 1,372 cents compared with the basic earnings per share of 1,193 cents for the half year ended 30 June 2009 (restated from 1,144 cents). Headline earnings per share are expected to be between 1,011 cents and 1,044 cents compared with the headline earnings per share of 164 cents for the half year ended 30 June 2009 (restated from 169 cents). The expected increase in headline earnings per share is primarily as a result of higher metal prices in the period. The difference between the basic earnings per share and headline earnings per share for the first half of 2010 is attributable to the profit in respect of the sale of Anglo Platinum`s 37% interest in the Western Bushveld joint venture to Wesizwe Platinum Limited. Note that Basic and Headline Earnings per share for the half year ended 30 June 2009 have been restated for the following two reasons: i. to account for the restatement of the profit on the disposal of 51% of Lebowa Platinum Mines (refer to note 49 in the annual report for the year ended 31 December 2009); and ii. to account for the proforma increase in shares in issue as at 30 June 2009 and 31 December 2009 due to the impact of the bonus element of the R12.5 billion Rights Issue (as required by IAS 33 - Earnings per Share) This trading statement is issued in compliance with the Listings Requirements (Section 3.4 (b)) of the JSE Limited. The financial information on which this trading statement is based has not been reviewed and reported on by the Company`s auditors. Anglo Platinum intends publishing its interim results on SENS on 26 July 2010. For further information please contact: Anna Mulholland 011 373 6683 amulholland@angloplat.com Johannesburg 13 July 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/07/2010 11:34:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.