BAT - BRAIT SE - Trading Statement: Year ended 31 March 2012

BAT - BRAIT SE - Trading Statement: Year ended 31 March 2012                    
BRAIT SE                                                                        
(Registered in Malta as a European Company)                                     
(Registration No.SE1)                                                           
Share code: BAT & ISIN: LU0011857645                                            
("Brait" or "the Company")                                                      
TRADING STATEMENT: YEAR ENDED 31 MARCH 2012                                     
Shareholders of the Company are advised that:                                   
-    Brait`s Net Asset Value ("NAV") per share as at 31 March 2012 is           
    anticipated to increase by 60% to 62% to between ZAR20.45 and ZAR20.65      
    (2011: ZAR12.78). This represents a 24% to 25% increase on the ZAR16.50 NAV 
per share when the Rights Offer and Private Placement capital raising was   
    concluded on 4 July 2011;                                                   
-    Earnings per share and headline earnings per share ("HEPS") are anticipated
    to increase by 320% to 340% to between ZAR5.30 and ZAR5.50 per share (2011: 
ZAR1.25); and                                                               
-    HEPS normalised for total shares outstanding at 31 March 2012, instead of  
    the weighted average number of shares for the financial year, is expected   
    to increase by 245% to 265% to between ZAR4.20 and ZAR4.40 per share (2011: 
ZAR1.21).                                                                   
The financial information on which this trading statement is based has not been 
reviewed and reported on by the Company`s external auditors. The financial      
results of the Company for the year ended 31 March 2012 are currently being     
prepared and are expected to be released on the Luxembourg Stock Exchange and   
SENS on or about 6 June 2012.                                                   
For and on behalf of the Company`s Board of Directors                           
Phillip Jabulani Moleketi                                                       
Non-Executive Chairman                                                          
24 April 2012                                                                   
The Company is primarily listed on the Euro MTF market of the Luxembourg Stock  
Exchange and secondarily listed on the Johannesburg Stock Exchange.             
Sponsor                                                                         
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Date: 24/04/2012 12:00:01 Supplied by www.sharenet.co.za                     
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