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ABL - African Bank Investments Limited - Voluntary Trading Statement

Release Date: 13/11/2009 11:37
Code(s): ABL ABLP
Wrap Text

ABL - African Bank Investments Limited - Voluntary Trading Statement AFRICAN BANK INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registered bank controlling company) (Registration number 1946/021193/06) Ordinary share code: ABL & ISIN: ZAE000030060 Preference share code: ABLP ISIN: ZAE000065215 ("ABIL") VOLUNTARY TRADING STATEMENT In terms of the Listing Requirements of the JSE Limited, the following information is disclosed: ABIL is currently finalising its results for the financial year ended 30 September 2009, expected to be released on SENS on 23rd November 2009. ABIL achieved headline earnings of R1 519 million or 211.6 cents per share for the year ended 30 September 2008, after deducting a once-off BEE charge of R291 million. Headline earnings before the BEE charge was R1 810 million or 252,1 cents per share. Shareholders are advised that headline earnings for the financial year ended 30 September 2009 are expected to be at a similar level to the R1 810 million reported in 2008. Headline earnings per share are expected to be 10%-12% lower than the 252.1 cents per share reported in the previous financial year as a result of the increase in the weighted number of shares in issue. The African Bank business unit is expected to report an increase in headline earnings of 5%-8% for the year ended 30 September 2009, whilst Ellerines is expected to report a 20%-25% decrease relative to the results reported for the nine months to 30 September 2008. The forecast financial information on which this trading statement is based has not been reviewed nor audited and reported on by ABIL`s auditors. Midrand 13 November 2009 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/11/2009 11:37:01 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.